CIOs and chief information security officers are trimming cybersecurity budgets that were once thought to be untouchable to deal with economic pressures, The Wall Street Journal reported.
While CISOs haven't experienced the budget crunches of departments like sales, marketing and other tech units, they are increasingly being asked to stretch their resources, according to the May 22 story. Cybersecurity is generally part of the overall IT budget, which is based on revenue. CFOs and board members are getting more involved in cyber spending decisions, which have been taking CIOs and IT security leaders longer to make.
John Scrimsher, CISO of jean maker Kontoor Brands, advised security chiefs to "make cuts in the least risky way possible," according to the story. "If there's a great tool that gives you visibility into something but you haven't used that visibility for five years, do you really need to spend $20,000 a year on it?" he said.