The cost of protecting applications from cyberattacks is climbing fast. So, it’s time for business units to help cover the pricetag.
The 2017 Ponemon Institute study reaffirms that while this year has seen more hacks and breaches than 2016, organizations are actually spending less money per breach. But the climbing security stocks in the wake of recent hacks seem to indicate that organizations and their CISOs are more than prepared to invest in increased security measures.In fact, SANS Institute reported last year that despite IT budgets decreasing overall, on average, security budgets are increasing. Furthermore, 76% of SANS respondents said application security fell into their top spending category.