Concerns that budget restraints are limiting the use of new technologies

While the vast majority of respondents (83%), recognize the significance of having a multilayered defense strategy (81%), and make protecting the organization an integral part of business operations (80%), are in agreement that C-suite and board-level decision-makers understand the current security threats facing their business, a significant portion of respondents (69%) are also concerned that the current budget constraints are limiting the use of new strategies, technologies, and implementation practices.

According to Carlos Morales, senior vice president of solutions at Neustar Security Services, “IT and security teams have faced a lot of pressure in recent years as they’ve been tasked with spearheading major new digital initiatives – often in the face of persistent staffing shortages – while defending a growing attack surface from larger, more sophisticated attacks in an increasingly complex threat landscape.”

Over three quarters (78%) of these professionals believe that this development has left their organization more exposed. A sizable majority of survey participants (85%) reported that hybrid working has increased their organization’s reliance on third-party providers for outsourcing staff and resources.