According to the study, the average share of expenses on information

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is is the result that Yandex Cloud analysts obtained during the study "Cloud Security and Beyond: CISO Forecast Study for 2024", which was conducted with the participation of the company "Business Solutions and Technologies" (DRT). More than 300 IT and IS specialists, as well as heads of business areas from various industries, including banking, insurance, manufacturing and mining, retail, software development, etc., took part in the survey. The study also included 26 in-depth interviews with representatives of 17 large companies.

security in Russian business macedonia whatsapp resource is 15% of the total IT budget. For most companies, expenses on security projects have increased by an average of 20% compared to last year.

Deputy Technical Director of Innostage Daniyar Iskhakov linked the growth of information security budgets with the need to solve problems of ensuring real protection from hacker attacks, increasing the efficiency of using these financial resources, training information security specialists and ensuring coverage of the entire IT infrastructure with security tools. Also, according to his assessment, the need to solve problems of import substitution in the field of information security also had an impact, and both of these trends will continue in 2024.

"Yes, indeed, the average information security budget of a company is 15% of the IT budget. The size of the information security budget can sometimes be less, sometimes more - depending on the specifics of the company's activities, - says Vasily Stepanenko, CEO of the cloud provider Nubes. - In 2023, the growth of information security budgets was facilitated by concerns related to the increased frequency of hacker and hacktivist attacks. In 2024, this trend remains the main driver of growth in the information security budget of businesses. The number of hacker attacks is growing, as is the scale of damage caused to businesses. Moreover, businesses determine the size of the information security budget based not on the possible damage, but on the acceptable downtime of the service. Since now most services must be available 24/7, the size of the information security budget is increasing. The growth of inflation is also having an effect."

Mikhail Smirnov , Head of the Expert and Analytical Center of InfoWatch Group, drew attention to the fact that it is incorrect to consider the IS budget as part of the IT budget: "As I understand it, in this case the researchers are talking about the budget for IT security - computer security, cybersecurity, BIT, IT-Security, etc. - which is part of the technical protection of information (TPI), and it is already part of the IS sphere. Thus, the TPI may include expenses on the security of paper documents, negotiations, the implementation of the IS management system, security control and similar measures. IT security, as a rule, includes the purchase, implementation and operation of information security tools, training of specialists. But the training of IS service specialists, who are not always part of the information technology services, security control measures and other similar expenses are, as a rule, outside of IT. Thus, it is possible to say that IS budgets in terms of IT security exceed the amounts named in the study, but since in In absolute terms, the cost of implementing and operating information security systems, creating and maintaining a SOC are quite expensive, so the difference can be estimated at plus 3-5%."

At the same time, 45% of survey participants said they were unfamiliar with how information security budget items are distributed. However, almost half of Russian companies in 2023 saw their budgets, which are managed by heads of information security departments (or CISOs, English - from Chief Information Security Officer), increase.

[Fikrem]

According to the study, the average share of expenses on information is increasingly significant, especially in sectors like retail where technological advancements are rapidly changing the landscape. For example, businesses in the retail industry are investing heavily in innovative tools to streamline operations and enhance customer experiences. More details on this can be found here: https://www.cleveroad.com/industries/retail/. This shift is reflected in the growing reliance on data-driven solutions.