CSOs and CISOs are becoming more powerful, and their wielding that power to demand more from their technology vendors, to throw out underperforming tech, and to take more risks on new and innovative approaches.
Boards are genuinely more concerned about cybersecurity issues, said Larry Ponemon, chairman and founder at Ponemon Institute. And budgets have been rising to match.
Over the past 10 years, cybersecurity budgets have increased by 593 percent, he said, adjusted for inflation, though 493 percent of the increase is a result of a shift of spending from other areas of technology.
That has emboldened CSOs and CISOs, he said. “It’s really changing the nature of IT security spending.”