Cybersecurity Budget | Breaking Cybersecurity News | The Hacker News

Over the past few years, cybersecurity has become a major concern for businesses around the globe. With the total cost of cybercrime in 2023 forecasted to reach $8 Trillion – with a T, not a B – it's no wonder that cybersecurity is top of mind for leaders across all industries and regions. However, despite growing attention and budgets for cybersecurity in recent years, attacks have only become more common and more severe. While threat actors are becoming increasingly sophisticated and organized, this is just one piece to the puzzle in determining why cybercrime continues to rise and what organizations can do to stay secure. 🔓  Unlock the future of cybersecurity: Get ahead of the game with 2023 Cyber Security Trends Forecast ! Discover the major trends of 2022 and learn how to protect your business from emerging threats in the coming year.  ⚡  Get your insider's guide to cybersecurity now! An abundance of cyber spending, a shortage of cyber security It's easy t...

The White House has recently announced a $1 billion cyber security grant program that is designed to help state and local governments improve their cyber defenses, especially about protecting critical infrastructure. The  recent executive order  stems from the $1.2 trillion infrastructure bill that was signed almost a year ago. That bill allocated $1 billion for  protecting critical infrastructure against cyber-attack  in the wake of a series of high-profile ransomware attacks such as the one that brought down the Colonial Pipeline.  Those government agencies who wish to take advantage of these funding opportunities must submit a grant proposal by mid-November. Proposals are only being accepted for the sixty days following the program's announcement. Grant recipients can use the funding to invest in new cybersecurity initiatives or to make improvements to existing defenses. Awardees are guaranteed to receive a minimum of $2 million. However, the program's req...

Although there is a greater awareness of cybersecurity threats than ever before, it is becoming increasingly difficult for IT departments to get their security budgets approved. Security budgets seem to shrink each year and IT pros are constantly being asked to do more with less. Even so, the situation may not be hopeless. There are some things that IT pros can do to improve the chances of getting their security budgets approved.  Presenting the Problem in a Compelling Way If you want to get your proposed security budget approved, you will need to present security problems in a compelling way. While those who are in charge of the organization's finances are likely aware of the need for good security, they have probably also seen enough examples of "a security solution in search of a problem" to make them skeptical of security spending requests. If you want to persuade those who control the money, then you will need to convince them of three things: You are trying to ...