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Numerous CISOs and cybersecurity leadership are seeking reliable cybersecurity spending benchmarks to establish budgets and defend investment recommendations. Available benchmarking statistics, such as percent of tech spend, are in short supply and the methods of analysis questionable. Further, existing benchmarks leave more questions than answers. For example, to what extent does more or less investment impact cybersecurity risk reduction? Would cybersecurity spend at 20% of the IT budget materially reduce the risk compared to 10%? Did organizations that spent materially higher than the average avoid a major breach throughout the increased spend period? Until there are greater standards and methods, and clearer demarcations on what defines security spend, we believe these metrics should be treated with careful scrutiny and a healthy dose of skepticism. --- Justin Whitaker Partner & Cybersecurity Practice Lead, DayBlink Consulting Justin is a Co-Founder & Partner of DayBlink Consulting with over two decades in management consulting. He has advised senior management in the United States, Canada, Asia, Australia and Southern Africa across multiple industries including Communications, Technology, Financial Services, Healthcare and Energy & Utilities. He has led numerous strategic and operational programs, ranging from complex infrastructure builds to accelerating enterprise initiatives for Fortune 500 companies in technology strategy and transformation, cybersecurity, automation, and cloud enablement. He is the DayBlink Consulting Cybersecurity Practice Lead. Justin is a U.S. patent holder for a Dynamic Process Measurement and Benchmarking technology that supports time & motions studies. He holds a Master of Cybersecurity Risk Management from Georgetown University and a Bachelor of Science in Management Information Systems from Florida State University.