Security Chiefs Trim the Fat as Budgets Bite

Security chiefs are looking for ways to cut costs and run operations more efficiently as broader economic difficulties cut into budgets and resources.

High-profile hacks, new regulations focused on digital defenses and a greater understanding of the damage that attacks can cause have elevated cybersecurity to a core business risk. As a result, chief information security officers and chief information officers have spent big on cyber tools and services.

That is starting to change.

Analysts sometimes claim that cyber is immune to wider budget cuts facing companies in light of a troubled economic climate, but the reality on the ground is different, security chiefs say. While many CISOs haven’t experienced the degree of belt-tightening seen by other corporate departments, such as sales and marketing or even technology units, they are often being asked to do more with the resources they have.

A sour economy can erode the security budget even…

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