Compliance and threats driving security spending


Compliance and threats driving security spending

Microscope contributor

There have already been signs, through financial results and ancedotal reseller customer stories, that the security sector is holding up and these have now been confirmed by a study of planned budgetary spending for the rest of the year.

According to a global user survey from CA 42% of companies intend to increase the budget for IT security with 50% revealing their spending will stay the same as companies face up to an active threat landscape and the fears of internal compromises.

In EMEA companies were putting 19% of the IT budget towards security and most expect legislation and requirements to protect data to increase the pressure to increase spending.

"The need for companies to have the security systems, processes and reporting structures in place to help them verify compliance has always been one of the strongest drivers for security software, such as identity and access management, security information management and data loss prevention," said Lina Liberti, vice president of marketing at CA security management.

The survey also revealed that 73% of enterprises believed that the recent lay-offs of staff had increased internal security risks.

The findings come as the security industry gets ready to meet in Earls Court for InfoSec where there will be a renewed focus helping customers to battle internal threats.

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