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Friday, October 7, 2022

What Differentiates the Strongest Cybersecurity Programs from the Rest

Financial institutions spend an average of around $2,300 per full-time employee on cybersecurity annually, reveals a survey released by Deloitte and the Financial Services Information Sharing and Analysis Center (FS-ISAC).

According to the report, “Pursuing Cybersecurity Maturity at Financial Institutions,” respondents from banks, insurers, investment management firms and other financial services companies spend anywhere from six to 14 percent of their information technology budget on cybersecurity, averaging 10%.

This number translates to a range of around 0.2% to 0.9% of company revenue and — breaking it down even further — between $1,300 to $3,000 on cybersecurity per full-time or equivalent employee in the survey, which was fielded in the fall of 2018.

Read more at HelpNet Security

Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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