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Thursday, November 16, 2006

7.3 Per cent of IT Budget Spent on Security

US enterprises will have spent USD 61 billion on security by the end of this year, representing 7.3 per cent of total IT spending in the US, a new report from Info-Tech Research Group states.  “While many companies will have tactical reasons to exceed or under-spend compared to the average 7.3 per cent of IT budget, those that are spending in the five to ten per cent range can be assured that their budgeting is consistent with industry norms,” said Daugavietis.

46 per cent of IT managers have increased spending on security compared to only four per cent who have decreased their level of security spend.”

“IT security has become a higher priority over the last few years, with a greater proportion of the overall IT budget being spent on security equipment and services,” said Ed Daugavietis, senior research analyst with Info-Tech Research Group.

Companies spending less than five per cent of their IT budget on security might want to ask themselves hard questions about how they would recover from disaster or how well they are protecting their networks from intrusions, he concluded.,id,22,site_layout,sdaindia,news,13533,p,0.html

Posted on 11/16