As we enter 2025, cybersecurity leaders find themselves navigating an evolving financial landscape. While some CISOs report tightening budgets, they remain committed to strategic investments that drive innovation and resilience. The role of the CISO is more strategic than ever, with cybersecurity firmly established as a boardroom priority.
For the third year, NightDragon has conducted an annual anonymous survey of our Advisor Council, which includes 100 top CISOs and other cybersecurity leadership from some of the nation’s most prestigious and influential firms. In this report, we share what CISOs shared about if their budgets are going up or down, where they’re investing, and what innovations they’re placing their bets on.
Our year-over-year data reveals a nuanced picture: although 29% of CISOs indicate a decrease in cyber spending for 2025, the majority are maintaining or increasing their budgets to stay ahead of emerging threats. Notably, 50% anticipate budget growth, underscoring the continued importance of cybersecurity in today’s digital economy. Even those facing constraints are prioritizing investments in key technologies that enhance operational efficiency and risk management.
For cyber startups and platform providers, this means a refined approach to go-to-market strategies is critical. It is no longer sufficient to position solutions solely on the basis of security capabilities—CISOs demand clear, measurable value. Solutions must demonstrate not only how they enhance security posture but also how they integrate into broader business objectives and optimize costs.
Trusted advisors, partners, and investors play an increasingly vital role in this ecosystem. As CISOs balance cost pressures with the imperative to innovate, those who can provide strategic guidance and tailored solutions will be invaluable. Whether through collaborative partnerships, co-development of solutions, or expert advisory services, aligning with CISOs’ evolving priorities will be key to success in 2025 and beyond.
This report delves into the shifting spending trends among CISOs, offering insights into where budgets are being allocated, which technologies are seeing increased investment, and how cybersecurity vendors can align with these strategic priorities. By understanding these dynamics, industry stakeholders can better support CISOs in their mission to protect organizations while delivering value.
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