---
id: 839
title: "This is No Time to Retreat In Cybersecurity"
source_domain: bugcrowd.com
source_url: "https://www.bugcrowd.com/blog/this-is-no-time-to-retreat-in-cybersecurity/"
published_at: "2023-02-27 07:00"
tags: ["supply-chain", "risk-management", "bugcrowd", "cybersecurity-strategy", "ciso", "security-budget", "cybersecurity-budget", "breach-costs", "security-investment"]
phying_url: "https://phying.com/item/839"
lang: en
---

# This is No Time to Retreat In Cybersecurity

## Summary

Bugcrowd CIO Nick McKenzie argues cybersecurity budgets should be exempt from cost cuts: breach costs average $4.35M, and stock prices underperform for years after incidents.

## Intelligence Metadata

- **Sources:** bugcrowd.com
- **Published:** 2023-02-27 07:00
- **Original:** https://www.bugcrowd.com/blog/this-is-no-time-to-retreat-in-cybersecurity/
- **Phying News:** https://phying.com/item/839