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Instead, the budgets are shrinking.
Vanta has found that only 9% of the average UK companys IT budget is dedicated to security.
Furthermore, one in every three leaders says their IT budgets are continuing to shrink.
But its not just hackers and criminals that are putting these firms under pressure.
Achieving and remaining compliant is quite the challenge, too.
Better security improves business efficiency, builds trust, and boosts the bottom line, Vanta argues.
Three-quarters 73% state a better security and compliance strategy would make them more efficient.
