CISO salaries might be higher in the Next Normal era, where the role is more in demand. Check out this post to find out more.
CISO Salaries Update: Role And Change Of Play
There is a tectonic shift in the position of the Chief Information Security Officer ( CISO). High-value technicians elevate to senior management during the first wave of CISOs.
The report mainly to CIOs and was limited in decision-making in the business sector. The most mature CISOs today are business-savvy, competitive development engines.
You report to CEOs or even directly to the Board and shape cyber-policies across whole companies. The mechanisms of the CISO coverage were changed. The credentials of CISO have improved.
How much do CISOs make in 2020?
Throughout the US, the projected income is about $185,000 by 2020. It depends on data from various sources.
Although the total CISO salary is less than $200 billion, the real CISO pay is even higher in Fortune 500 firms. Unfortunately, CISO earnings rarely feature in financial documents, meaning that they are not readily accessible except with publicly listed firms.
Nevertheless, statistics on Fortune 500 CIO compensation ranging from just over $200k to more than $700k due to rewards, inventories, and options, are available. Since CISOs appear to start in the org chart and slip behind CIOs, we may conclude that their wages are below the center.
Naturally, the wage of cybersecurity management will shape by industry, location, and experience.
CISO salary factors to consider
Therefore, the CISO wages are a wide variety. While the position is changing rapidly, CISO job specifications are becoming very complicated.
How do you decide if you will be in the lowest end of the spectrum, whether you are offering a role or are asking for a raise? There is a range of additional considerations to recognize compared to single ones, such as expertise and business scale.
Since CISOs are relatively recent recruits, several companies often wonder where they will place in the C-suite. CISOs can report directly to the CIO, the CFO, the Chief Financial Officer, the CEO, or also straight to the Board in various organizations.
Thanks to their need to ensure the company adequately protected with further CISO’s in 2020, the CIO, CFO, and CRO would be shifted from reporting and talking directly to the CEO / board, especially in the more focused industries of finance and healthcare.
FS-ISAC specialists in financial services endorse the move. They claim that ‘ the open and transparent distribution of vital knowledge to the CEO and Board of Directors would lead to greater accountability and quicker decision making.
For a fact, the higher the CISO lie in the office table, the greater the payout. A CISO report to the CEO is probably much more responsible than a CISO report to the CIO for strategic decision making. That will follow by extra expense and liability.