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Breaking Analysis: Security budgets are growing but so is vendor sprawl

April 27, 2024

Organizations are increasing their spending on cybersecurity, with 87% planning to increase their spend in the next year. However, the number of security tools installed is also increasing. Security professionals face numerous priorities in managing security, including identity, vulnerability management, endpoint security, cloud security, and more. Firms are investing in AI innovation to help alleviate the burden on analysts. A recent survey shows that security budgets are on the rise, with 87% planning to increase spending, driven by multi-cloud and ransomwa... Read more