IANS Research and Caldwell Partners’ Cyber Security Practice are happy to announce the release of our joint “CISO Compensation and Budget Benchmark Study – 2020.”
In an increasingly competitive market – one in which one in five Chief Information Security Officers (CISOs) is generally dissatisfied with their current position and a third are open to a job change in the next six months – the study provides visibility into compensation, budget, and job satisfaction based on industry and company size.
“What matters to the CISO matters to IANS. Our clients constantly telling us that the ability to benchmark against peers is critical,” said Phil Gardner, Founder and CEO of IANS. “We’re thrilled to deliver this research – the high point for me was seeing that two-thirds of CISOs are satisfied with their visibility within the C-suite. This industry is maturing quickly, and this study offers insight on where CISOs and their budgets stand up against their peers and comparable firms.”
IANS and Caldwell surveyed 175 CISOs in the spring and summer of 2020. This is the first in an annual series of studies we plan to complete.
“This is an extremely competitive security talent market and replacing cyber security is costly and disruptive,” said Matt Comyns, managing partner of Caldwell’s Cyber Security Practice. “This study gives an invaluable sense of what drives security leaders to make a career change.”
According to the study, the key underlying causes of CISO dissatisfaction are insufficient budget and lack of organizational support, followed by inadequate career development. Though compensation is a factor in the decision-making, it is less of a factor when compared with organizational and professional support and development.
Steve Martano, a consultant in Caldwell’s Cyber Security Practice added, “By tracking drivers of job satisfaction among CISOs, not only are we creating a differentiated CISO study, but we are empowering managers and HR business partners to act upon the insights garnered to mitigate the risk of an unexpected CISO departure.”