Securing adequate budget for cyber security is often a challenge for IT leaders, but the strict penalties and emphasis on corporate accountability from NIS2 may help ease that process.
However, as most IT budgets are either being cut or remaining stagnant - effectively shrinking due to rising business costs and inflation - NIS2 is pulling from an already limited pool.
It's particularly concerning to see funds being redirected from recruitment and emergency reserves. NIS2 shouldn't be treated as a crisis, yet one in four businesses appear to view it that way.
With 80% of EMEA IT budgets now being allocated to cyber security and compliance in organisations in scope of the NIS2 regulations, there is little capacity to address more pressing challenges.
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