How Cybersecurity Teams Measure Success and Secure Budgets
More than fifty percent of survey respondents struggle to align security initiatives to business goals and 44 percent aren't clear on what the business goals are, says a Thycotic Cyber Security Team's Guide to Success report.
The top three obstacles to achieving business goals were lack of skilled resources (35 percent), security breaches being out of control (34 percent) and lack of security budget (34 percent).
Additional findings include:
- 89 percent agree that department has measurable security performance goals/KPIs to meet in the next 12 months of which half (49 percent) measure number of security breaches.
- 45 percent agree they have no way of measuring how previous security initiatives have made a difference to the business overall, and 30 percent agree it’s not a priority for them to measure success of security initiatives once they’ve been rolled out.
- 48 percent of budget is allocated by “Evidence to demonstrate success of previous initiatives.”
- 52 percent of respondents say not meeting performance targets means the reputation of the department suffers, team members end up working longer hours (38 percent) and security budgets likely get cut (33 percent).
- 42 percent say the most stressful aspect of their job is meeting the growing number of compliance and regulatory demands.
- 45 percent say the biggest challenges for retaining cybersecurity team members is burnout/stress from long work hours and pressure, followed by lack of support from senior leaders (40 percent).
In the current climate, the following best describe what "success" looks like for IT cybersecurity executives:
- Being valued by the enterprise - 41 percent
- Meeting performance targets set by the board - 40 percent
- Preventing enterprises from being the next 'cybersecurity incident' headline - 37 percent
- Meeting compliance demands - 37 percent
- Just keeping everything running smoothly - 36 percent
- Achieving consistent pay increase and/or bonuses - 31 percent
- Knowing that 'nothing bad happens'/that there are no major security incidents or downtime - 27 percent
- Not losing their job/holding onto their job - 16 percent