More than half of respondents admitted they lack sufficient data to accurately assess their organisation’s IT spending.

Despite the increase in budgets and the perception of adequate resources, nearly half of UK cybersecurity leaders, 47%, struggle to engage at the board level.

36% of respondents felt their privacy budget was appropriately funded.

2% of UK organisations had not yet calculated their cybersecurity budget requirements.

Only 36% of respondents said their organisation has a dedicated AI fund.

UK organisations are significantly increasing their cybersecurity budgets, with an average predicted rise of 31% in the next 12 months. This is more than double the 15% that Gartner had forecast.