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Monday, January 12, 2009
IT security spending will increase to match cybercrime threat in 2009
In light of the economic downturn and rising cybercrime attacks as indicated in Finjan’s Web Security Trends Report Q4 2008, Finjan conducted an online survey among 200 IT and security professionals.
The survey focused on determining the trends for allocating IT budgets in 2009 compared to 2008.
38% of all respondents stated that they do not expect a change in their 2009 IT budgets, while 34% indicated that they expect them to be Slightly smaller - reflecting the general declining trend in corporate budgets.
Organizations are trying to get the most out of their spending and reduce the Total Cost of Ownership (TCO) of their IT investments - efficiency being the name of the game.
While 2008 saw IT security departments facing new challenges in protecting valuable business data against an ever-increasing wave of cybercrime attacks, 2009 is adding a further economic challenge to the mix.