Spending To Fend Off Online Attacks Grows In 2004 - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance

Spending To Fend Off Online Attacks Grows In 2004

More than half of companies surveyed say they will increase their security budgets over the next three years.

The information-security spending focus next year will be on hackers and viruses, according to research by Yankee Group. A lesser priority will be managing employee access via virtual private networks and identity-management apps.

The Yankee Group survey reports 54% of companies plan to boost their security budgets during the next three years, while only 8% say they'll be decreasing what they spend to secure their systems. Nearly 40% of companies say their security spending will remain about the same.

Mike Paquette, VP of technology for security vendor Top Layer Networks, says he fells encouraged by the news.

"The anticipated spending is in line with what we hoped. There currently exists a deficit between the security that companies have deployed and the existing threats," he says.

Antivirus, intrusion-detection and -prevention systems, and firewalls will be the only security technologies in which more than half of respondents expect to increase security spending. Fewer than half of all companies will increase spending in other areas, such as access control, authentication and provisioning, personal firewalls, and digital-rights management.

The survey shows that the largest chunk of security spending--25%--will go toward maintaining installed products, while 24% of security budgets will go toward new products. Staffing will be No. 3, at 22%. Funding for new-product pilots and evaluations and security outsourcing will come next.

The top three spending areas in 2004 will be antivirus, intrusion-detection systems, and firewalls. Fighting for scraps will be Web-application security, access control, storage security, anti-spam, authentication technology, and wireless security.

The survey also found that the average cost to deploy patches to desktops is expensive for larger organizations. According to the survey, the mean cost to patch a desktop is $234.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Commentary
Gartner Forecast Sees 7.3% Shrinkage in IT Spending for 2020
Joao-Pierre S. Ruth, Senior Writer,  7/15/2020
Slideshows
10 Ways AI Is Transforming Enterprise Software
Cynthia Harvey, Freelance Journalist, InformationWeek,  7/13/2020
Commentary
IT Career Paths You May Not Have Considered
Lisa Morgan, Freelance Writer,  6/30/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll