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Material security incidents have halved since last year say global CISOs

Material security incidents have halved since last year say global CISOs

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The ninth annual Information Security Maturity report, published by ClubCISO in collaboration with Telstra Purple, finds organisational security has significantly improved over the last year, following positive shifts in organisational influence by CISOs and changing attitudes towards security culture.

Informed by a survey of more than 100 information security leaders from both private and public organisations around the world, the report highlights a reduction of material incidents – those resulting in significant changes to financial position, operational disturbances or compromised data – which coincides with the growing importance and influence of CISOs in their respective organisations. 

In addition, 67% of CISOs responding to the survey said their organisations had increased their information security budgets compared with 2021 and for one-fifth of respondents, budgets had increased by more than 50%. 

“As we move further away from the Pandemic, what this report makes clear is that much of the groundwork to bolster security has been done,” said Stephen Khan, Chair of the ClubCISO Advisory Board. “Collectively, CISOs have made security a company-wide concern and the business case for it, not only in our respective businesses but also across our supply chains, has never been stronger.”

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