Due to economic pressures, staffing reductions, and lack of available talent, CISOs today are facing extreme pressure to do more with less. And retaining your best employees during tough times is becoming a major challenge across industries. Research at Devo shows SOC analysts are feeling stressed over too much work and not enough resources. In fact, more than 71% of SOC professionals we surveyed said they’re likely to quit their job because of information overload and lack of tools.
Mass layoffs. Budget cuts. Funding shortages. Fears of recession. Headlines paint a bleak picture for organizations in 2023. To prepare for the turbulent year ahead, companies are scaling back their spending in droves. Yet, amid ruthless cost-cutting, many organizations are still prioritizing their investments in bulking up cybersecurity defenses. The question is, what are they spending these budgets on?