Almost 60% of IT decision-makers admit that budget cuts have negatively impacted mental health  

Almost 60% of IT decision-makers admit that budget cuts have negatively impacted mental health  

Integrity360, one of the leading pan-European cybersecurity specialists, has announced findings from independent research into mental health and well-being amongst IT decision-makers. The survey of 205 IT security decision-makers was conducted in August 2023 and provides worrying insight into the mental well-being of those in the cybersecurity industry and the concerns around how budget restraints and the challenging economy have impacted mental health.

Almost 60% of surveyed IT decision-makers agreed that budget cuts have negatively impacted their mental health and well-being. To add to that, 55% noted that the current economic climate has reduced access to mental health and well-being resources within their organisation. 

It would seem that protecting sensitive data (48%) is the biggest cybersecurity challenge keeping IT decision-makers awake at night, followed by managing risk and compliance (28%), defending identities (26%), ransomware (25%) and securing cloud environments (23%). Secure IoT and OT environments (20%), expanded attack surfaces (19%) and security consolidation (18%) are also a cause for sleepless nights.  

For CIOs specifically (30%), their concerns over security consolidation were somewhat higher than others such as information security analysts (14%) and CTOs (18%) that were surveyed. This is likely due to their direct involvement in managing the process, as businesses continue to tackle solution sprawl and consolidate the security tools they have deployed in order to maintain control and visibility over their networks. 

Whilst ransomware ranked below protecting sensitive data, the ransomware resurgence in particular, was cited by 57% as having negatively impacted the mental health and well-being of those surveyed.  

“Ransomware is still proving to be a lucrative means of attack and new techniques such as double extortion are just another example of why businesses should be prepared for the when and not if,” said Brian Martin, Head of Product Development, Innovation and Strategy at Integrity360. 

“Ransomware operators using extortion as opposed to ransoming data means they no longer need to encrypt the data they steal, and it’s now morphed into data theft. Businesses need to be prepared that these tactics will continue to evolve and have the necessary teams and processes in place. A dedicated incident response team will relieve the pressure and strains placed on businesses trying to keep pace with attackers.” 

Worryingly, 63% of those surveyed noted that their work within the cybersecurity industry increased their stress and anxiety. The good news, however, is that almost 70% highlighted that their organisation provides adequate support for their mental health and well-being. Despite this, a significant majority (75%) said they would like to see more investment in mental health and well-being resources.  

“Cybersecurity budgets have always been challenging and this year has certainly tested many businesses. A myriad of issues from budget, economic downturn and skills shortages have all impacted the workload placed on those tasked with tackling cyberthreats and compliance and it’s no surprise this is having a detrimental effect on mental well-being,” added Martin. 

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