In short, your IT budget should cover the means of achieving growth with new technology. Ideally, your business should be maintaining a separate cyber security budget. This means that a single budget ends up trying to support both growth and security objectives and, ultimately, fails to succeed at either. The problem with this approach is that it leads to cyber security becoming an afterthought – plus, it eats into the IT Budget. What often happens is that the IT budget is allocated annually, with cyber security comprising of merely a percentage of that overall IT budget. However, cyber security budgeting is where some businesses are falling short.Īs criminals increasingly turn to technology to attack businesses, and extort millions of pounds, cyber security must be one of your top business priorities. Seeking productivity improvements from the latest technology, IT budgets are typically increasing. Many businesses are beginning to realise the opportunities that IT can bring, helping them achieve key growth targets.
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