Source: Security Magazine
Threat of fines, not FUD, drives board decisions on cybersecurity spend
Thycotic, provider of privileged access management (PAM) solutions, released its CISO Decisions survey. Based on findings from more than 900 global CISOs/Senior IT decision-makers, the research shows Boardroom investments in cybersecurity are most commonly the result of an incident or fears of compliance audit failure. Because of this, the research shows more than half, 58 percent, of respondents say their organizations plan to add more towards security budgets in the next 12 months.