Security CoP

How to justify your cybersecurity budget

  • [Shahid Shah]
  • January 19, 2020
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While there is no one-size-fits-all answer when trying to decide what a “typical budget” looks like for cybersecurity operations, there are a few studies that have been done that can provide some insight.

A recent study by Deloitte and the Financial Services Information Sharing and Analysis Center found that financial services on average spend 10% of their IT budgets on cybersecurity. That’s approximately 0.2% to 0.9% of company revenue or $1,300 to $3,000 spent per full time employee.

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last modified January 19, 2020