How to best allocate IT and cybersecurity budgets in 2023

Despite the economic uncertainty, 57% of organizations plan to increase their cybersecurity budgets in 2023, according to a survey from Arctic Wolf. This highlights a powerful trend: critical needs like security must be addressed even with IT budgets tightening. As 48% of organizations rank ransomware and targeted threats as their number one concern for 2023, […]

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IT security spending to reach nearly $300 billion by 2026

Worldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022, according to IDC. Investments in hardware, software, and services related to cybersecurity are expected to reach nearly $300 billion in 2026, driven by the ongoing threat of cyberattacks, the demands of providing a […]

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Internet crime in 2022: Over $3 billion lost to investment scammers

“In 2022, investment scam losses were the most (common or dollar amount) scheme reported to the Internet Crime Complaint Center (IC3),” the FBI shared in its 2022 Internet Crime Report. This category includes crypto-investment scams such as liquidity mining, celebrity impersonation, “pig butchering“, and many more. Business email compromise (BEC) scams are overall the second […]

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How to achieve and shore up cyber resilience in a recession

Today’s business leaders are grappling with two opposing challenges. On the one hand, present day global economic and recessionary pressures mean spending policies need to be reviewed and cash reserves built up. On the other hand, the volume and increasing sophistication of cybersecurity threats means the enterprise needs to maintain and bolster defenses to avoid […]

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Enterprises waste money on identity tools they don’t use

Misguided enterprise investment in multiple identity tools is proving insufficient in defending against today’s threat landscape, according to One Identity. 96% of companies report using multiple identity management tools, with 41% deploying at least 25 different systems to manage access rights. However, 70% of companies reported they’re paying for identity tools they’re not actively using. […]

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Companies overwhelmed by available tech solutions

92% of executives reported challenges in acquiring new tech solutions, highlighting the complexities that go into the decision-making process, according to GlobalDots. Moreover, some 34% of respondents said the overwhelming amount of options was a challenge when deciding on the right solutions, and 33% admitted the time needed to conduct research was another challenge in […]

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CISOs in investment firms help fast-track cybersecurity startups

In this Help Net Security video, Frank Kim, CISO-in-Residence at YL Ventures, discusses the growing role of CISOs in investment firms and how their role as advisors helps drive cybersecurity startups. Frank works closely with cybersecurity startup founders on ideation, product-market-fit, and value realization, on an in-house and regular basis. He provides them with what […]

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