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Friday, September 05, 2008

IT security devours 10% of operating budgets

IT security budgets are consuming 10% of operating budgets and rising amidst growing concern over data breaches and an increasing need to protect sensitive data, according to Forrester Research.  In a survey of 1,255 security decision-makers at North American companies, 21% expect to increase IT security spending in 2009, compared with 6% who expect security spending to decrease.

Those are impressive numbers in this economy, analyst Khalid Kark said in a keynote during Forrester’s Security Forum in Boston.

An organisation-wide focus on security also brings higher expectations, and sometimes conflicting expectations from the various departments in a business.  Security has been the top priority for CIOs in Forrester surveys for four straight years, and 30% of security decision-makers surveyed report having a “dotted-line relationship” with the board or CEO.

Kark attributes this change in attitude partly to data breaches and resulting media coverage and lawsuits that focus public scrutiny on information security.

Posted on 09/05