CISO Lens Benchmark 2019 drew on responses from 58 organisations that between them employ close to 1 million people and that spent more than A$18 billion on ICT in 2019. Fifty were from Australia, eight from New Zealand. The average security spend was A$2,412 per full-time employee, but technology companies spent A$4,252 and financial organisations A$3,248. Security budgets averaged 6.3 percent of total IT budgets. 43 percent of CSOs reporting to a CIO, CTO or COO who reported direct to the CEO.”]
Source: https://www.csoonline.com/article/3532269/new-cso-benchmark-reveals-security-priorities.html