Security Wire Weekly: Shrinking IT security budgets

Article

Security Wire Weekly: Shrinking IT security budgets

SearchSecurity.com Staff

Despite the perception that companies are increasing security spending, a recent survey of IT security professionals found that security budgets are making up a smaller portion of overall IT spending than previously thought. The survey, conducted by Midvale, Utah-based Burton Group, found that security budgets typically make up about 2% of IT budgets. The number is significantly lower than earlier estimates reflecting 6% to 12% of IT budgets spent on security. This week, Burton Group analyst, Pete Lindstrom discusses the survey and why a smaller security budget could be a good sign.




  Security Wire Weekly: Shrinking IT security budgets 


powered by ODEO

    Requires Free Membership to View

    SearchSecurity.com members gain immediate and unlimited access to breaking industry news, virus alerts, new hacker threats, highly focused security newsletters, and more -- all at no cost. Join me on SearchSecurity.com today!

    Michael S. Mimoso, Editorial Director

    By submitting your registration information to SearchSecurity.com you agree to receive email communications from TechTarget and TechTarget partners. We encourage you to read our Privacy Policy which contains important disclosures about how we collect and use your registration and other information. If you reside outside of the United States, by submitting this registration information you consent to having your personal data transferred to and processed in the United States. Your use of SearchSecurity.com is governed by our Terms of Use. You may contact us at webmaster@TechTarget.com.

  • Download MP3 | Subscribe to Security Wire Weekly


      Program highlights 

  • (2:53) Introducing Pete Lindstrom.

  • (3:39) How surprising is the survey results? Are budgets trending downward?

  • (5:48) Is this an alarming trend?

  • (7:11) How should CISOs respond to a shrinking IT security budget?

  • (8:42) CISOs typically fall three levels below the company CEO. Is that a surprising find?

  • (11:50) Are there any market trends that could change the makeup of the IT security organization?

      Senior Analyst Pete Lindstrom 

    Pete Lindstrom
    Pete Lindstrom is a senior analyst at the Burton Group. His research has an emphasis on security metrics, risk management, Web 2.0/SOA/Web services security and securing new technologies. Lindstrom was research director for security consultancy, Spire Security and was an analyst with the Hurwitz Group.


      Program Links 

  • Oracle patches serious holes with latest CPU: Vulnerabilities in Oracle Application Server can be exploited remotely to hijack a system, according to Oracle's latest Critical Patch Update.


  • Mapping the path toward information security program maturity Amid tight information security budgets, it can be hard to recommend the best ways to invest new dollars or focus new resources. In this tip, Ed Moyle explains why creating a security program maturity map is a sensible way to not only track a program's growth, but also isolate and correct inefficiencies.

  • SearchSecurity.com Audio Downloads: Visit our audio download archive.


  • Join the conversationComment

    Share
    Comments

      Results

      Contribute to the conversation

      All fields are required. Comments will appear at the bottom of the article.