Published: 05 August 2024
This Consult the Board survey summary features inputs from 23 Information Risk Management Research Board members regarding the budget allocation for their security organizations. It examines the proportion of members’ information security budget relative to company’s revenue and IT budget, allocation of security spend toward running daily operations versus growing the business, and distribution of security workloads across various resource types.
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In 70% of the respondents’ organizations (16 of 23), the information security budget is a component of the overall IT budget. For a plurality of respondents (7 of 16, or 44%), this budget accounts for 4% to 5.9% of the overall IT budget.
On average, among 22 respondents, 71% of the security spend allocation is toward running daily operations.
On average, the internal IT full-time equivalents (FTEs) handle 73% of the security workload in 21 respondents’ organizations.
Slightly more than one-third of the respondents
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