Cybersecurity isn’t just a top priority for BSA | The Software Alliance and policymakers in Washington. As a new annual survey by the research firm Gartner makes clear, cybersecurity is also the top investment priority for corporate Chief Information Officers (CIOs) across a variety of sectors.
According to a summary published Monday in the Wall Street Journal (subscription required):
In the study, in which Gartner asked CIOs whether they planned to increase or decrease their investments in a range of areas, 66% of respondents said they planned to increase investment in cybersecurity.
By that measure, it was the top investment priority for CIOs, beating business intelligence and analytics, in which 55% of respondents said they planned to increase investment.
Those insights underscore the stakes for getting cybersecurity policy right. BSA has been leading the charge for thoughtful cybersecurity policies that ensure trust in software while continuing to set the context for innovations that improve cybersecurity outcomes. Good cybersecurity policy is also critical to furthering digital transformation, helping to deliver innovations that make companies and government agencies more responsive to customer and citizen needs.
BSA’s 2023 Global Cyber Agenda outlines four north stars to guide cybersecurity policy in state and world capitals. The agenda urges policymakers to focus on four key themes:
- Encourage Public-Private Collaboration to increase the likelihood that a law or policy achieves its intended outcome while minimizing unintended consequences.
- Support Integrated Risk Management Practices to ensure the most direct path toward improved cybersecurity and a more secure digital ecosystem.
- Incentivize Innovation with laws and policies that can accommodate new processes and technologies that achieve better cybersecurity outcomes.
- Prioritize Cybersecurity Over Politics to ensure continued cybersecurity improvements and avoid protectionist policies.
BSA will work in the next US Congress and with policy leaders around the globe to ensure that policy matches corporate leaders’ efforts to elevate cybersecurity risk management, and guard against politics or protectionism doing needless damage to cybersecurity policy.
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