Threats help maintain security spending

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Threats help maintain security spending

Microscope contributor

Most of those resellers operating in the security market have been buoyed by a belief that because very few companies could turn their protection against threats off this year will be tough but not catastrophic.

Research from Finjan backs that view up with its Web Security Trends Report for Q4 2008.

Of those customers quizzed by the vendor 38% said that they did not expect a change in their IT budgets this year and 34% revealed that they expected their security budgets to increase.

Verticals that were allocating more budgets to IT security included financial and government sectors.

Yuval Ben-Itzhal, chief technology officer at Finjan, said that budgets would come under scrutiny this year and everyone wanted speedy return on investment.

But he added that cybercrime attacks continued to rise and customers would continue to invest in technology that was cost effective and manageable.

There have been some suggestions that as the downturn starts to kick in the cybercriminals will become even more predatory in trying to exploit technology to gain illicit funds and sensitive information.


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