GUEST OPINION: In the face of economic turmoil, businesses are confronting the dual challenge of declining or stagnating cybersecurity budgets and esc.
In a global survey, 14% of respondents said their budgets had either decreased or been cut completely, with a third (34%) stating these decreases were due to economic downturn/potential recession, while 30% revealed cuts had been driven by profit and loss pressures
Among the proposed rules are requirements for broker-dealers to notify their customers about the data breach within 30 days, while immediately informing the SEC of cyber incidents.
With 2023 in mind, the phrase “economic uncertainty” was often invoked in predictions from market leaders, and may be the mantra for security professionals decision making.