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Management and Leadership

2023 Security Budget Benchmark Summary Report

by IANS + Artico

In 2023, despite the global macroeconomic uncertainty and recessionary fears, security budgets generally continued to rise but at a lower rate than prior years and an insufficient rate relative to the increases in scope facing security teams.  New external pressures, including Generative AI and the new SEC Cyber rules, brought additional pressures as CISOs worked to find ways to justify necessary cyber investments to their boards and the C-suite.  

Our fourth annual budget benchmark study, jointly fielded with Artico Search, offers objective insights and cross-industry security budget survey results from over 550 CISOs across the U.S. and Canada. 

Download a summary version of the benchmark report to access key security budget information for CISOs, including: 

  • Key 2023 budget metrics: An overview of security budgets as a percentage of IT budgets 
  • Security budget breakdowns: See how peer security teams allocate budgets 
  • Main budget growth drivers: Comparisons of security budget increases across key industries 
  • Trending budget factors: Insights into new factors that influence security budgets  

 

Hear Nick Kakolowski, IANS Sr. Research Director and Steve Martano, IANS Faculty member and partner at Artico Search discuss key findings from the Security Budget Benchmark Summary Report.

 

Complete the form, and we’ll send a copy of the 2023 Security Budget Benchmark Report to your email. 

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About IANS Research 

For the security practitioner caught between rapidly evolving threats and demanding executives, IANS Research is a clear-headed resource for making decisions and articulating risk. We provide experience-based security insights for chief information security officers and their teams. The core of our value comes from the IANS Faculty, a network of seasoned practitioners. We support client decisions and executive communications with Ask-an-Expert inquiries, our peer community, deployment-focused reports, tools and templates, and consulting.

 

About Artico Search

Artico Search’s team of executive recruiters focuses on a “grow and protect” model, recruiting senior go-to-market and security executives in growth venture, private equity and public companies. Artico’s dedicated security practice delivers CISOs and other senior level information security professionals for a diverse set of clients.