As digital transformation accelerates, cybersecurity spending continues to rise, with Gartner projecting global costs to exceed $900 billion by 2023, up $100 billion from 2022. In response to growing attack surfaces and shifting economic conditions, UpGuard conducted an anonymous 2022 survey of cybersecurity leaders from sectors such as education, finance, technology, and government. The survey gathered insights on how organizations plan their security budgets amid increasing cyber threats and evolving security needs, offering a clearer understanding of industry priorities and preparedness.

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