40% of respondents froze recruitment in cyber, 29% made redundancies and one in five furloughed staff responsible for cyber resilience programs in 2020. Three in ten experienced delays or cancellations to cyber resilience projects and 27% reported cuts to their cyber resilience budgets. Two thirds of organizations plan to increase their amount of outsourced cyber resilience work in 2021. Over 90% of organizations struggle to accurately assess or quantify the cost vs benefit of cybersecurity measures. 66% admit that an internal skills shortage was their main challenge for the next 6-12 months.
Source: https://www.helpnetsecurity.com/2021/03/10/spending-cybersecurity-2021/