Cybersecurity Budgets and Staffing Increase in 2022 According to New Report 

Cybersecurity #Budgets and Staffing Increase in 2022 According to New Report 

Ransomware resilience planning tops the list of key initiatives that chief information security officers are tackling this year at consumer-facing companies. 

Vienna, VA (January 27, 2022) – The Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC) today released the CISO Benchmark Report, which includes data about budgets, personnel, and organizational priorities from cybersecurity leaders across consumer-facing industries.  

The report reveals that 70% of survey respondents expect the 2022 budget for information security to be higher than in 2021, and only 2% expect budgets to be cut. Additionally, 67% of survey respondents expect to see an increase in the number of full-time employees who work in cybersecurity at their company.  

The increase in budget and personnel will, in part, go toward supporting key initiatives that CISOs and cybersecurity leaders are planning to implement in order to mitigate security risks. Ransomware resilience planning tops the list of key initiatives, with 69% of survey respondents saying they are working on ransomware resilience projects in 2022.  

“The upward trend in both budgets and staff for InfoSec departments demonstrates the critical importance of cybersecurity,” said Suzie Squier, president of RH-ISAC. “Companies are making investments in cybersecurity in order to protect their bottom line, and participating as an active member of the RH-ISAC community helps that investment to go even further.” 

The companies represented in this survey include retail, restaurants, hotels, casinos, travel, and consumer packaged goods and reflect more than 304,000 total locations, 2.1 million corporate employees, and $1.3 trillion in annual sales. 

A summary version of the CISO Benchmark Report is available here. The full version of the report is available to RH-ISAC members.  

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ABOUT RH-ISAC  
The Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC) is the sector’s operational community for sector-specific cybersecurity information and intelligence sharing and collaboration. As such, the RH-ISAC not only connects and serves its members, it also seeks to partner collaboratively with all trade associations in the sector to support security development and maturity with the goal of building better security for the retail, hospitality, and travel industries through partnership and collaboration. For more information, visit www.rhisac.org.  

MEDIA CONTACT:  
Annie Chambliss 
RH-ISAC Director of Marketing and Communications 
PR@rhisac.org