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Navigating the Security Budget Crunch: How Security Leaders Balance Risk and Resilience


  • Macroeconomic conditions have worsened dramatically, with inflation spiraling across much of the globe and worldwide growth falling from 3.4% in 2022 to 2.8% in 2023, before settling at a predicted 3% in 2024. As a result, 99% of business leaders said their organizations were preparing to cut costs—and security budgets are in the f iring line.
  • To make matters worse, many organizations poured additional resources into security during the pandemic, prompting security leaders to expand their programs—and the subsequent resources crunch is forcing them to rapidly reprioritize and make many difficult decisions.
  • Hiring and leading high-quality talent is among the most important responsibilities of any security leader. It’s also one of their biggest challenges—and it only becomes more challenging during difficult economic periods. As a security leader, it’s generally not possible to hire for all of the roles you’d ideally like on your team…and even if you could, a host of other challenges stand in the way

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