How Cyber Security Technology Purchasing Decisions Are Made

2020 Global Survey of Cyber Security Leaders

Avoiding pitfalls, evaluating solutions, overcoming barriers

New global research reveals how IT ops and cyber security leaders make technology purchase decisions

In August 2020, Thycotic sponsored research conducted with more than 900 senior IT security decision makers working at organizations with 500+ employees, located in the following countries: UK, Germany, USA, Australia, New Zealand, France, Spain, Singapore and Malaysia.

Read this report to learn from your cyber security colleagues about:

Who is getting more budget for cyber security investments in the wake of COVID19
What are the big drivers for convincing the board to make new cyber security investments
What criteria do companies use when evaluating cyber security technology purchases

See how countries differ on the most effective strategies for persuading boards to invest in cyber security

IT Technology Decision Makers - for CISOs

Get the Full Report Now

Key Takeaways from your peers in this new report

Spending on cyber security is expected to increase, with organizations adding more technology and many moving to cloud solutions. Yet half of organizations admit their technology purchases are never fully utilized.

Most companies make decisions on technology purchases based on benchmarking and analyst reports, with “proof of concept” the preferred method of evaluation. IT operations and security teams have nearly equal say in the final selection.

Boards appear to be supportive of increased cyber security investments, frequently motivated by internal security incidents and compliance audit failures. However, barriers to securing cyber security investments remain.

Join the webinar

How do your peers make cyber security technology purchasing decisions?

Join Thycotic’s Chief Security Scientist Joseph Carson as reviews the key findings from a new global survey that reveals how you can avoid pitfalls, evaluate solutions, and overcome barriers when making technology buying decisions.

You will learn:

Why Boards are more willing than ever to make more cyber security investments.
Criteria used by IT and security professionals to evaluate technology purchases
How US, European and Asian countries differ in their approach to getting boards to approve investments