During the past year, macroeconomic turbulence and recessionary fears led to significant cuts in enterprise spending, pressures which created a challenging security budgeting environment.
In this short video clip, IANS Senior Research Director Nick Kakolowski and Artico co-founder Steve Martano discuss findings from our Security Budget Benchmark Report previewing just some of the compelling insights included in this year’s budget benchmark report.
The underlying report, fielded together with Artico Search provides key insights and actionable guidance for CISOs planning their upcoming budget cycles.
Watch our video to better understand the underlying conditions that have caused CISOs’ budgets to spike up as a percentage of IT budgets.
Security Budgets Relative to IT Budgets
Most CISOs use security budget as a percentage of the IT budget as a key metric for internal reporting and external benchmarking purposes. This CISO Compensation and Budget study has been tracking this metric over the past four years. Since 2020, it has
increased from 8.6% to 12% this year, indicating a steady increase in security spending relative to IT spending.
By focusing on the new data in this video and budget report, CISOs can use our industry benchmark data to justify their budget asks to leadership.
Here’s Matt Comyns, co-founder and president Artico Search, take on the data:
The CISO’s budget is increasing as a percentage of the IT budget because IT budgets are being cut at a faster rate than security budgets, and in many cases, security budgets are being increased. Furthermore, security is becoming more expensive and
complex, while IT is becoming increasingly commoditized.
CISO Compensation & Security Budget Benchmark Reports
Each year, IANS, in partnership with Artico Search, releases a series of benchmark reports on CISO compensation, security organization, security staff compensation, and job satisfaction.
These in-depth reports feature new takeaways, uncover a wealth of insights, and provide valuable leadership guidance to fine-tune your budget, current role, department, and career path.
Download our Security Budget Benchmark Report – the first in our CISO Comp and Budget Report series – and gain
access to these and other valuable insights and data sets.
Although reasonable efforts will be made to ensure the completeness and accuracy of the information contained in our blog posts, no liability can be accepted by IANS or our Faculty members for the results of any actions taken by individuals or firms in connection with such information, opinions, or advice.