CISOs See Pay Rise Amid Growing Responsibilities and Budget Pressures
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Contributed by: Drex DeFord
Summary
Chief Information Security Officers (CISOs) are seeing a slight rise in compensation, with average annual salaries now reaching $403,000, an increase of 6.4% over the last year. However, this pay growth does not align with the expanding responsibilities CISOs face, especially due to new SEC regulations that mandate timely breach assessments. Many feel under-resourced, which complicates their ability to manage threats effectively while navigating budget constraints. Demand for CISOs surged during the pandemic, but interest in job changes has significantly decreased, with only 11% contemplating a move in 2024 due to economic pressures. State government CISOs encounter additional challenges like limited budgets and a high turnover rate, with almost half of states hiring new CISOs recently.
