SMBs giving security bigger slice of budget pie
Tuesday, January 6, 2009
A new report from a research firm has found large corporations and SMBs will be using a bigger percentage of their IT budgets toward security this year.
Forrester Research found corporations that spent 11.7 percent of their company's IT budget are poised to spend more in 2009, despite the weakening economy, DarkReading.com reports. The Forrester report also said security will account for a higher percentage of budget allocations for new initiatives.
"Security is getting a larger slice of the IT budget pie," wrote Forrester analyst Jonathan Penn in the enterprise study, according to the website.
This holds true for SMBs as well, which spent 9.4 percent less on security last year when compared to 2007, according to the report. In 2009, many SMBs have plans to bring IT security budgets back up to 10.1 percent.
Some of the reasons for increased spending on security included protecting a company's data, disaster recovery and threat management.
This may be a good move for SMBs as they are a frequent target of cybercriminals and hackers due to their lax security systems. Some forward-thinking SMBs have also employed the use of email archiving, which can assist in email security and disaster recovery.
Related News:
Cyber criminals exposed medical records - 3.8.2010
More than 18,000 patients, whose medical information is stored on the computer systems of five doctors in Torrance, California, were potential victims of identity theft in September when cyber criminals penetrated the doctors' networks, according to the Los Angeles Times.
McAfee advises companies to boost web security relating to source code - 3.4.2010
At the RSA Conference, currently taking place in San Francisco, McAfee released a report indicating that companies regularly use too few web security protocols when protecting intellectual property such as source code.
False social networking attacks provides teachable moment for web security - 2.25.2010
A unique tool developed to prevent the spread of malware from social networking websites has been recommended Processor.com, a web and network security news provider.
With global web security under siege, exports point to problems - 2.25.2010
In 2009, Garlik, a United Kingdom-based web security company, reported a 207 percent increase in malware use to overtake bank accounts. Recent events have also shown vulnerability in corporate, private and governmental web security systems.
Kaspersky reports malware growing more sophisticated - 2.24.2010
Kaspersky, a web security provider, reported Wednesday that while there is very little growth in the amount of malware currently roaming the web, it is becoming more advanced and much harder to detect.
|
