"Securing adequate budget for cybersecurity is often a challenge for IT leaders, but the strict penalties and emphasis on corporate accountability from NIS2 may help ease that process," said Edwin Weijdema, field CTO EMEA at Veeam.
"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 appears to view it that way."
"But in order to become compliant, around three-in-ten companies are conducting IT audits, reviewing cybersecurity processes and best practices, developing new policies and procedures."
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