Their security teams have, historically, had much smaller budgets than those in any other industry, and they have only influenced IT decisions. How, then, can they command funding for projects that also include protection of customer data throughout the organization and appropriate compliance with the standards that regulate that data?
CISOs face an additional challenge in obtaining funding for their security initiatives; they are not always seen as equal partners with other C-level executives. As a result, they often struggle to make their voices heard. CISOs seeking to expand their role into a true executive-level leadership position—one in which they will have more impact and be able to command more support for their programs—will need to initiate, manage, and lead cross-team collaboration.