IT Security Spending To Increase

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Forrester Research is reporting that approximately 40 percent of businesses will significantly increase their spending on new IT security technologies in 2010 and forty-two percent of enterprises expect to increase IT security spending on new technologies by 5 percent or more this year. Just 37 percent of small and medium-size businesses (SMBs) expect to do the same.

While data security is perennially the largest budget item for IT organizations, the greatest spending increases are in the area of network security, where 40 percent of enterprises and 36 percent of SMBs expect to spend more in 2010. “As we move out of the recession, we expect to see security investments continue to grow, although the nature of that investment is changing,” said Forrester Analyst and Vice President, Jonathan Penn.

Interestingly, the new technology trend of utmost concern to IT security professionals is not cloud computing or data virtualization; it’s the consumerization of IT — the proliferation of consumer devices in the workplace. Nearly half of all enterprises (46 percent) noted their concerns about smartphones, while 38 percent of enterprises were concerned about Web 2.0 technologies. More than 80 percent of businesses — large and small — identified managing vulnerabilities and complex threats as a high priority in the coming year.

“In general, this follows the broader trend of IT losing centralized control of technology adoption, deployment, and use,” said Penn. “It’s not just consumer technology like iPods and the use of Facebook or Twitter; it also shows up in the uncontrolled proliferation of SharePoint sites by business groups or in the use of cloud computing services by application developers.”

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1 comment

Stanley Davies 01-04-2012 12:31 AM

Even though the advances in It technology would bring about better efficiency and convenience to IT businesses and other companies that rely heavily on IT, the risk of cyber attacks also rise. Therefore, there will always be a need to reinforce data security and protection.

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