Mar 22, 2023
“Is cybersecurity recession-proof?” Zscaler Sr. Director, Transformation Strategy Gary Parker explains in Help Net Security how zero trust can help IT departments manage their security spend during times of economic uncertainty.
“Is cybersecurity recession-proof?” That’s the question on the minds of many security professionals and executives as a possible economic downturn of indeterminate length and severity looms and many organizations are tightening their belts.
While research suggests that IT spending is showing some immunity to economic headwinds – Gartner is still predicting growth this year, albeit slower than last – CIOs are increasingly pressured to make strategic contributions to the business. For many organizations, this includes driving efficiencies through digital transformation.
Economic uncertainty in the face of non-stop threats, a severe talent shortage, and employees’ expectation of hybrid work as a job perk will stress IT spending throughout 2023. CIOs and CTOs should, in turn, prepare to streamline their budgets.
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