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Australian CSOs expecting more IT-security budget than they’re likely to get

Many Australian IT leaders mistakenly believe they will see IT-security budgets increasing over the next two years but executives have other thoughts on the issue. The misalignment of expectations is stronger in Australia than in other countries in the Asia-Pacific region. Despite IT executives’ growing concerns cybersecurity is only the ninth most important strategic priority for Australia’s C-suite executives. Businesses face ongoing compromises of businesses across all industry sectors, with fraudulent mobile apps, espionage-minded hackers, and ever-changing and increasingly-malicious ransomware adding to recognised threats such as security risks.”]

Source: https://www.csoonline.com/article/3503330/australian-csos-expecting-more-it-security-budget-than-they-re-likely-to-get.html

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