CISOs get more time in the boardroom but struggle with budgets

A new report from Splunk shows 82 percent of CISOs now report directly to the CEO, up from 47 percent in 2023, and 83 percent participate in board meetings somewhat often or most of the time. However, only 29 percent of CISOs say they receive the proper budget for cybersecurity initiatives and accomplishing their security goals, compared to 41 percent of board members who think their cybersecurity budgets are adequate. Many CISOs say that they have made cutbacks due to inadequate budgets. Some of the biggest cutbacks have included postponing a security update or refresh (52 percent), reducing the number… [Continue Reading]