Uncertainty and instability marked the end of 2022 for many in the tech sector, a trend that bled into the beginning of 2023. Following on the heels of a drought in IT talent came mass layoffs at many of the world’s biggest tech companies as predictions of recession loomed and war in Ukraine dragged on with no end in sight.
Global concern over cybersecurity has never been higher, with attacks coming fast and furious and in ever-growing numbers, and 65% of organizations planned to increase cybersecurity spending in 2023. That means CISOs may be pressured to do more with what they have as budgets shrink even as demand for security increases. And they should be aware of what could change if one of their vendors is acquired in this climate.