Trump administration cyber cuts eroding private sector’s trust, confidence

The Trump administration’s massive cuts to federal cybersecurity programs have produced a ripple effect that is eroding industry confidence in the government and placing enormous strain on companies’ security teams, according to a report released by Swimlane. 

The report — based on a survey of 500 IT and cybersecurity decision makers in the U.S. and the U.K. — finds that 85% of organizations have faced budget or resource cuts over the past six months. 

Almost half of companies plan to reduce plans to invest in cybersecurity, the report said, and eight in 10 respondents fear the government budget reductions will hinder intelligence sharing.

Read more at Cybersecurity Dive