Security News > 2021 > December > Cybersecurity budgets surge, as skills gap wreaks havoc on 2022 plans

Organizations committed to bolstering their cybersecurity budgets.

According to the latest survey from the Neustar International Security Council, conducted in November 2021, 81% of organizations have committed to bolstering their cybersecurity budgets for 2022.

24% of respondents are increasing allocations between as much as 31% to 50% over this past year, while 41% are raising budgets 11% to 30%. "As the cyber threat landscape continues to evolve, organizations are clearly recognizing an urgent need to scale their systems and processes to keep at least one step ahead of bad actors," said Carlos Morales, SVP, Solutions for Neustar Security Services.

Organizations largely have top-down buy-in when it comes to strengthening cybersecurity measures.

As attacks have become more numerous, complex and sophisticated, 88% of organizations anticipate the cyber skills gap will impact their 2022 security strategy.

"By engaging the right partners, organizations can take meaningful steps toward achieving their cybersecurity goals while taking some of the pressure off of themselves to bring in new talent in a very tight market for cybersecurity expertise."

News URL

https://www.helpnetsecurity.com/2021/12/21/enhancing-cybersecurity-budgets/