95% of businesses redirect funds for EU's NIS2 directive compliance, impacting IT budgets.

The EU's NIS2 directive is significantly impacting businesses, with a Veeam survey revealing that 95% have redirected funds from other budget areas to cover compliance costs. While 68% received extra funding, 20% still view budget constraints as a barrier. Since January 2023, 40% of firms have seen reduced IT budgets. UK companies, although not directly affected, must comply when dealing with EU entities, leading to a budget increase for 62% of UK IT leaders.

October 29, 2024
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