29% of CISOs say they receive adequate budget to accomplish their goals, compared to 41% of board members who think the function has enough funds.

10% saw a decrease in their privacy budget in the past 12 months.

30% of CISOs spend less than $100,000 annually on compliance.

80% of executives agree they face pressure to reduce the cost of security.

18% of UK organisations believe their cybersecurity budgets are nearly sufficient.

The majority of respondents expect technology budgets to grow in the next 12 months.

7 out of 10 surveyed companies with a high degree of security platformisation report their cybersecurity investments have helped business outcomes.

71% of UK organisations feel their current cybersecurity budgets are adequate for ensuring cyber safety.

46.2% of organisations said they don’t have a sufficient budget to invest in GRC tools.

Half of respondents said their organisation will divert capital allocations from other budget areas to fund AI initiatives.

50% of CISOs said that, on an annual basis, they spend more than $200,000 worth of capital and dedicated staff resources to achieve and maintain compliance across their organisation.

77% of UK CISOs feel that their IT budget is not completely reflected by their board’s objectives to meet regulatory requirements.

20% of CISOs spend between $100,000 and $200,000 annually on compliance.

More than half of respondents admitted they lack sufficient data to accurately assess their organisation’s IT spending.

2% of UK organisations had not yet calculated their cybersecurity budget requirements.

84% of UK senior security decision makers felt that their organisation had made more than enough budget available to become compliant with DORA.

Despite the increase in budgets and the perception of adequate resources, nearly half of UK cybersecurity leaders, 47%, struggle to engage at the board level.

38.3% of CISOs cited cost as a challenge in implementing new or updated compliance frameworks.

50% of boards with a CISO member report excellent or very good relationships when budgeting adequately to meet goals, compared to 24% for boards without a CISO member.

78% of UK senior security decision makers reallocated budget from other business areas to meet DORA compliance requirements.