Executive Briefings

Spending on IT Security Takes a Hit

Cutting IT security spending, unthinkable a couple of years ago, is officially on the table. Just a year ago, even with a recession taking hold, only 6 percent of companies planned to trim security. This year, 19 percent are cutting, while only 27 percent are increasing spending on IT security, down from 40 percent who were a year ago.
At the same time, CEOs desperate to make their quarterly numbers may enter new businesses or find ways to trim expenses with less concern for the impact on data security. If you thought you had a handle on your organization's appetite for risk, chances are the economy has changed the dinner portions.
Source: Information Week

Cutting IT security spending, unthinkable a couple of years ago, is officially on the table. Just a year ago, even with a recession taking hold, only 6 percent of companies planned to trim security. This year, 19 percent are cutting, while only 27 percent are increasing spending on IT security, down from 40 percent who were a year ago.
At the same time, CEOs desperate to make their quarterly numbers may enter new businesses or find ways to trim expenses with less concern for the impact on data security. If you thought you had a handle on your organization's appetite for risk, chances are the economy has changed the dinner portions.
Source: Information Week