Press release

Defying Expectations, New Research from Axonius Shows IT and Security Teams Saw Increased Budget, Headcount in 2023

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Axonius, the leader in cybersecurity asset management and SaaS management, today announced a new research report, "Navigating the IT and Security Resource Paradox: How Organizations Are Addressing Real and Perceived Challenges." Of the key findings, the most surprising found that IT and security teams saw increases to their budget and headcount, despite the economic headwinds organizations faced heading into 2023.

In fact, three-quarters (74%) of IT and security decision makers said their organization's IT or security budget increased compared to the year prior, and nearly two-thirds (63%) said their organization's IT or security team headcount increased. However, for those that did see decreases in either budget or headcount, they reported severe impacts: 51% said their organization experienced an increase in security risks, and 49% experienced an increase in attacks or vulnerabilities.

"Cybersecurity is critical, even in times of economic uncertainty – as clearly evidenced by our research," said Dean Sysman, CEO and Co-founder at Axonius. "But an increase in budget or headcount won't solve all your problems. While you might find yourself with more tools to get the job done, the reality is that most security investments aren't used to their full advantage. As we head into 2024, where it's likely security budgets could increase again, it's important for organizations to focus on optimizing their resources rather than wasting them."

For survey respondents, the answer to optimization appeared in the promise of artificial intelligence. ...

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