Amid political headwinds and economic uncertainty, we find ourselves in a challenging time for business. The economy is being impacted by the combination of ongoing high inflation and limited GDP growth. Meanwhile, supply chains are being disrupted by international conflicts (e.g., Ukraine, Gaza and the Houthi insurgency) and the ongoing impact of Brexit. And so, businesses are being pulled in multiple directions due to economic pressures and uncertainty – the two things they hate most. Due to these challenges, it’s safe to say we are living through a ‘cost of doing business’ crisis.
This crisis has seen cybersecurity teams suffer pushback from decision-makers about new investments. With instability resulting in spending decisions being delayed, they are faced with ‘in-real-terms’ or even actual budget cuts for the first time. This is forcing them to be as agile as possible to continue responding to the evolving security landscape because the classic market drivers – the evolving threat landscape, increasing digital transformation, mounting regulatory reform and the ongoing skills shortage – mean that security teams are being asked to deliver more with less….
