As Budgets Tighten, Demonstrate The Value Of Future-Ready Security

As economic uncertainty grows, organizations across the world are decreasing budgets across all departments. In this environment, security leaders are pressured to demonstrate the value of their cybersecurity program while preventing business disruption.

To maximize cyber resilience and achieve executive buy-in, security leaders must adopt the right mix of products and services that allow them to future-proof their program and enable their teams to do more with less.

Forrester Consulting conducted a cross-industry online survey of 311 cybersecurity leaders at firms with up to 10,000 employees to evaluate how security leaders are communicating the business value of cybersecurity and what security outcomes they’re prioritizing.

Some notable findings from the survey include:

• 70% of respondents believe economic uncertainty is driving their organization’s security divisions to streamline budgets
• For 76% of respondents, a lack of meaningful metrics to show executives makes it difficult to prevent cost-cutting measures
• Over 70% of respondents’ workplaces are currently secured with MDR, XDR, and SOCaaS — and will remain so in the future.

Download this report to learn how security leaders are demonstrating the value of their cybersecurity programs and achieving executive buy-in to ensure they build cyber resilience for their business.

A Forrester Consulting Thought Leadership paper commissioned by eSentire, published in May 2023.