Spending on IT security will continue to grow next year, according to new data unveiled by Forrester Research. 21 percent of respondents expect to increase their IT security budgets in 2009, while nearly three-quarters of those surveyed expect no cutbacks in their security spending.
Only 6 percent of respondents anticipate having to cut their security budget next year despite the current economic uncertainty.
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The research also says security makes up 10 percent of overall IT operating budgets in 2008, up from 8 percent last year. Nearly 50 percent of respondents report to a board/CEO or an executive committee – security is clearly no longer embedded within IT.
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Ernst & Young seem to agree with Forrester regarding the likelihood that information security is not likely to be subject to spending cuts.
http://www.computing.co.uk/computing/news/2228280/security-spending-unlikely-hit
In this case, 50 per cent plan to increase spending on IT security as a percentage of overall spending.
What’s also interesting is that 85 per cent of respondents saw damage to brand reputation as the most significant consequence of data loss. So this is not just about prevention but also how the fallout is managed.
By logical extension, we might argue that the value of IT security is as much in the impression of security as the actual measures themselves. So any investment in new initiatives will provide ammunition in the PR war to win the trust of customers and the public, perhaps.
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