Research shows Boardroom investments in cybersecurity are most commonly the result of an incident or fears of compliance audit failure

Thycotic, provider of privileged access management (PAM) solutions to more than 10,000 organizations, including 25 of the Fortune 100, today released its CISO Decisions survey, an independent global study1 that examines what most influences the Board to invest in cybersecurity and the impact this has on CISO decision-making. Based on findings from more than 900 global CISOs/Senior IT decision-makers, the research shows Boardroom investments in cybersecurity are most commonly the result of an incident or fears of compliance audit failure. Because of this, the research shows more than half, 58 percent, of respondents say their organizations plan to add more towards security budgets in the next 12 months.