Cyber security improvements held up by budget and skills shortages
- Published: Tuesday, 06 December 2022 09:05
BlackFog has released research findings which highlight the practical challenges that organizations face in managing an increasingly complex threat landscape. According to the research, 50 percent of surveyed IT security decision makers in the US and UK had been prevented from adopting a new cyber security solution due to integration issues or challenges with legacy infrastructure. Almost a third, 32 percent, stated that a lack of skills within their team to support a new product would also be a factor preventing them from deploying new solutions.
The research also revealed that security teams are now using, on average, 20 tools to combat cyber security threats with 22 percent of those surveyed using more than 31 tools.
At a time when many organizations are reviewing budgets for next year, the research also revealed that a lack of investment in cyber security could also impact the tenure of individuals in the team. Nearly a quarter, 22 percent, of CISOs and IT security decision makers stated they would consider leaving their current role due to lack of budget for investing in the latest technology. The same number, 22 percent, reported that securing additional budget to implement technology was one of the biggest priorities for the first six months in their role.
It does seem, however, that teams are reaching a level of maturity in terms of the strategies to source and select the right tools with the overwhelming majority, 89 percent, feeling they can clearly determine the right new solutions to solve their organization’s cyber security needs.
An online survey was conducted by Sapio Research on behalf of BlackFog in August and September 2022. IT security decision makers in companies of over 500 employees across the UK (200) and US (205) were targeted.