Cyber Security Institute

§ Current Worries

Top 3 Worries

  • Regulations
  • Old Firewall Configurations
  • Security Awareness

§ Listening

For the best information

  • The underground
  • Audible
  • Executive Excellence
  • Music (to keep me sane)

§ Watching

For early warnings

  • 150 Security Websites
  • AP Newsfeeds
  • Vendors

Monday, June 26, 2006

SMBs Set to Spend US $11.4B on IT Security in 2006

Small and medium businesses (SMBs) worldwide are set to cross US $11.4 billion on beefing up their IT security and infrastructure this year in a bid to thwart increasing electronic threats.  This spending trend will increase at double digit rates annually over the next several years, according to the latest study by New York-based Access Markets International (AMI) Partners, Inc.  These results were based on surveys of SMBs conducted by AMI in over 20 countries representing key developed and emerging markets.

“Over 75% of all medium businesses (100-999 employees) and almost 60% of the small businesses (1-99 employees) surveyed in the developed economies indicated that enhancing IT security was very important for them,” said Anil Miglani, New York based Senior Vice President at AMI-Partners.

Total global SMB spending on IT security is growing rapidly, driven by the continuing growth in the adoption of several security products like anti-virus, anti-spam, anti-spyware and firewalls/VPNs.

Posted on 06/26