Infosecurity Europe opens registration for 2024 with cyber
Infosecurity Europe opens registration for 2024 with cyber investment a significant talking point as organisations address security spend
Infosecurity Europe, ExCeL London, 19 Feb 2024: Infosecurity Europe 4-6 June 2024, the most influential information security event running at ExCeL London, has today announced findings from research into the cybersecurity budgets of organisations, with 69% of surveyed IT decision-makers citing that they have seen, or will see, their cybersecurity budgets increase between 10-100% in 2024.
Almost one in five (19%) of those surveyed are seeing or are expecting to see budgets increase between 30-49% over the coming year.
“We continue to see pragmatic budgetary spend on cyber security under mounting macroeconomic pressures. The fast-changing threat landscape and tightening regulatory pressures have in the main seen security budgets benefiting from much-needed increases which is positively received”, said Mun Valiji, CISO, Trainline, Infosecurity Europe’s Advisory Council member.
For those who plan to increase cybersecurity budget in 2024, cloud security and incident response will see the biggest injection, with 47% noting that between 1-20% of the additional investment will be spent in those areas. Additionally:
Email security and threat exposure management seemed to be at the bottom of the priority list with only 40% saying they would invest between 1-20% of their additional budget in these areas. This could be down to the budget injection in MSSP’s and the potential to outsource these issues.
“One major consideration for cyber security spending in 2024, is the forecast, and in some cases significant increase in licences and associated support costs compared to 2023, either through direct price increases or the more insidious practice of licensed product scope manipulation. Add this to the continued rise in cyber professionals’ salaries, which makes outsourcing to an MSSP a more viable proposition for many businesses. SaaS in particular is seeing notable price increases, with many businesses ‘locked-in’ and with little choice but to bite the bullet,” explains Ian Hill, CISO, UPP Corporation, and Infosecurity Europe’s Advisory Council member.
The increase in cyber security budgets for many reflects the escalating concerns regarding online threats and data breaches and the need to fortify defenses against cyberattacks. Against this backdrop, Infosecurity Europe 2024 will host a panel focusing on maximising budgets amidst turbulent times. It will offer a vital platform for CISOs and cybersecurity professionals to glean insights on topics such as articulating the costs of cyber tools and communicating a business case to secure more for their budget. Attendees can also explore new strategies aimed at optimising their security expenditure including conducting an audit of existing systems, securing more value from what’s in place already, and investing in people rather than new systems.
Nicole Mills, Exhibition Director at Infosecurity Group, added: “Cybersecurity is all-encompassing and no business, organisation or individual is devoid of risk. The industry continues to grow, threats evolve and so too do the innovative products developed to protect against them. The conference provides a springboard for industry leaders, experts and vendors to join heads and join forces, to collaborate and share experiences and knowledge. Peers come together to debate and discuss critical topics to find solutions to problems and put solid cybersecurity strategies in place. This year, Infosecurity Europe 2024 will continue to forge a future of innovation, collaboration, and resilience.”
The research also highlighted that for some, the tables had turned, with 15%2 of IT decision-makers highlighting that their security budgets had decreased, or will, in 2024. A minor 4% had seen or expect to see no change in their budget for 2024.
The research comes as visitor registration for Infosecurity Europe 2024 has opened with the findings being indicative of some of the themes and discussions lined up for this year’s conference which will run from Tuesday 4 -Thursday 6 June 2024 at ExCeL London.
Cybersecurity professionals and members of the infosec community are invited to sign up and secure their place to hear more about the pressing issues topping the agenda at this year’s event.
The event will provide opportunities to hear from, and network with, the people who make up our community, exchange ideas, build resilience and be able to work together to protect our shared future. Below are some of the sessions and opportunities that visitors will be able to take advantage of at the 2024 event:
Cybersecurity refers to the practice of protecting systems, networks, and programs from digital attacks. These attacks are typically aimed at accessing, changing, or destroying sensitive information.
A cybersecurity budget is the allocation of financial resources to protect an organization's information systems and data from cyber threats. It includes expenses for tools, personnel, and training.
Cloud security involves the policies, technologies, and controls used to protect data, applications, and infrastructures involved in cloud computing. It helps ensure the confidentiality, integrity, and availability of data.
Incident response is the process of identifying, managing, and mitigating security incidents. It involves preparation, detection, analysis, containment, eradication, and recovery from security breaches.
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