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Cybersecurity insights 2023

Budgets and benchmarks for financial services institutions

The task of managing cyber risk has never been more challenging. Deloitte’s 2023 survey provides chief information security officers (CISOs), chief information officers, CEOs, and boards the insights to help align their cybersecurity operations with industry standards

Among the 61 organizations that participated
:three key trends emerged

  • Cybersecurity budgets are constrained compared to previous years, but fundamental concerns still dominate priorities.
  • Digital transformation is the top business driver for cybersecurity in organizations, but regulatory pressure is increasing and gaining in importance.
  • Cybersecurity functions are increasingly focusing on business impact and risks, and not just technology challenges. This shift reflects cybersecurity’s growing strategic role for the business.

 
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