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Quick, better lock down that CISO role. Salaries have apparently hit €1m

Thanks WannaCrypt... Hey, about our new security budget. Oh, you've cut it

By John Leyden, 22 May 2017

Salaries for chief information security officers (CISOs) at leading European firms have hit €1m (£850,000) as the threat of data breaches grows, City AM reports.

An experienced CISO told El Reg that only his counterparts in merchant banks could hope for such a salary. "Outside of investment banking I think total packages of £200k with many/most around the £100-150k mark," he said.

City AM quotes salary figures sourced from global executive search firm DHR International. The increasing prevalence – and profile – of cyber attacks is fuelling demand for experts on boards, according to security vendors.

Cindy Provin, chief strategy officer at Thales e-Security, said: "It's no surprise to see the financial value that top European firms now place on the role of CISOs, particularly given that the GDPR will be coming into effect a year from now.

"More importantly, however, these figures are evidence that the startling rise of cyber attacks year-on-year has caused boardrooms to recognise the dangers of hacking for companies' bottom lines, reputation, customer retention and employee confidence."

Gordon Morrison, director of government relations at McAfee, said: "It is unsurprising that a growing number of companies are now looking to invest in cyber expertise. Last month, the government's Cyber Security Breaches Survey 2017 indicated that three-quarters of UK businesses state that cybersecurity is a high priority for their senior management. However, as the price for cyber skills increases, many companies will be priced out of the top talent." ®

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