The growing importance of cybersecurity has led to an expansion in security leadership roles. According to an IANS report, most fortune firm chief information security officers (CISOs) are VP-level or higher.
The report found that 74% of CISOs and global CISOs report to a CIO or CTO. The other 26% report to a business function such as a COO, CFO, chief risk officer or legal counsel.
According to the report, four in 10 CISOs spend five to 10% of their budget on outsourcing and one in five spend 11% to 20%. At the $1 billion revenue milestone, nearly all retail CISOs have hired a head of security operations (SecOps) and most have a head of governance, risk and compliance (GRC) role on their organizational roster.
Another 4% of CISOs indicated they have the SecOps leader role in their staff that is currently vacant with a critical need to fill. Nineteen percent of CISOs report looking for a head of SecOps in the immediate or near future.
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