As CISOs look to prepare their 2023 security budgets, some might be asking themselves, “where do I begin?” There are such varied and rapidly changing facets of defending organizations against cyber threats that the task of sorting out which risks need the most attention can seem overwhelming.
Nevertheless, security leaders need to begin thinking about how much funding they will need and how they will allocate their budgets. “At a macro level, when defining strategic goals and developing budgets for security, CISOs should know that the status quo will likely leave security leaders with an impossible mission ahead—constrained to maintain operations and new initiatives,” says David Chaddock, director of cybersecurity for consultancy West Monroe.
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