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Resources >> From budget constraints to the security stack,
this is how security leaders are navigating
today’s challenges to build and grow effective
security programs
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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