With rising costs and sophisticated cyber threats, Chief Information Security Officers (CISOs) are increasingly considering AI as a solution. Recent research highlights that only 20% of security leaders allocate more than 10% of their budgets to cybersecurity. However, 30% see AI automation as essential for enhancing cybersecurity operations while reducing costs. Despite 84% acknowledging challenges like data quality and expertise, adopting AI seems critical for strengthening defenses. Additionally, CISOs are engaging in tools rationalization to cut down unnecessary expenditures on duplicate security tools.
Cybersecurity budgets are struggling to keep pace with the growing sophistication of cyber threats.
AI offers a solution by helping organizations strengthen defenses while optimizing costs.
More than three-quarters cited data quality and privacy as the biggest difficulty in implementing effective AI-driven solutions.
Other strategies used by CISOs to optimize costs include 'tools rationalization' which involves evaluating and consolidating duplicate security tools.
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