VentureBeat March 3, 2024
Kevin Durkin, Uptycs

Enterprise organizations collectively spend billions of dollars every year on security tools and systems to protect them from an evolving threat landscape. Yet, despite the massive annual investment, the number of data breaches continues to rise.

For the past decade, IT security budgets have been considered an untouchable line item in the budget and have been largely shielded from cuts imposed on other departments due to the existential threat that a major data breach represents.

However, the fear and uncertainty of an impending global recession is forcing business leaders to take a hard look at every entry in their operating budget. Enterprise CISOs can no longer assume that their budgets will be exempt from cost-cutting measures. Instead, they must...

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