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.