The PwC Survey findings find that 46% of respondents consider the economic environment and business continuity/ disaster recovery among the primary critical factors influencing security budgets. Regulatory compliance is indicated as the key justification for increase in infosec spending.
A total of 73% of survey participants site compliance requirements (internal and regulatory) as a noteworthy factor while deciding security budgets. Change and business transformation is also rated as important parameters by 42% of respondents. Globally, professional judgment is the second most significant criteria to justify security spending. However, this criterion ranks fifth in India, with 49% citing legal and regulatory requirements as the key justifications.