A new report by the World Economic Forum asked CIOs, CISOs and other C-Level experts if they felt their businesses were doing enough to defend themselves. 69% foresaw that the pace and sophistication of cyber threats would escalate faster than our ability to defend against it. Large organisations were throwing money at the problem without understanding their security priorities bigger budgets did not guarantee better defences. 78% of those questioned claimed that security concerns had delayed adoption of public cloud by at least a year.”]
Source: https://informationsecuritybuzz.com/articles/security-budgets-know-priorities/