article thumbnail

Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

Now the city is using the surplus to help close major gaps in its budget. ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. . (GeekWire Photo / Kurt Schlosser). million from the General Fund, and $4.5 Impact of industry layoffs.

Budget 79
article thumbnail

People Skills Outweigh Technical Prowess in the Best Security Leaders

SecureWorld News

The only way forward is to learn from mistakes and failures (in her accident's case, a clip that was not put back in the breaking mechanism that sent her and her car hurling through the safety sand and net at the end of the drag strip). This helps build awareness of security risks and get buy-in for security initiatives.

Security 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO Business Intelligence

However, barriers such as adoption speed and security concerns hinder rapid AI integration, according to a new survey. There is a sense of urgency to leverage AI effectively, but adoption speed and security challenges are hindering efforts. CIOs rank AI as a top priority alongside cybersecurity for IT departments.

Survey 136
article thumbnail

F5 lays off 623 employees, plans office consolidation to cut more costs

GeekWire

GeekWire Photo / Kurt Schlosser) F5 is cutting 9% of its workforce as the application security and delivery giant navigates macroeconomic uncertainty. There will be further cuts to travel and expense budgets. Non-GAAP net income increased to $154 million from $131 million in the year-ago period. The F5 Tower in downtown Seattle.

Travel 126
article thumbnail

11 ways to reduce your IT costs now

CIO Business Intelligence

The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” The need to reorient IT’s budget toward future opportunities is one big reason CIOs are reviewing their IT portfolios now. But it’s not the only one.

article thumbnail

Low-code: An Accelerator for Digital Transformation

CIO Business Intelligence

Digital transformation is expected to be the top strategic priority for businesses of all sizes and industries, yet organisations find the transformation journey challenging due to digital skill gap, tight budget, or technology resource shortages. Security & Compliance. Take the Malaysian oil and gas conglomerate as an example.

article thumbnail

Prioritizing cloud security: Allocating the majority of CIOs’ cyber budgets

CIO Business Intelligence

CIO’s cybersecurity budget allocations are too spread out across a myriad of single solutions. Cyber budgets get stretched too thinly across single solutions when they should match the organization’s IT and software spending priorities. the majority of its cybersecurity budget should go to protecting these investments.

Budget 111