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Security Spending Nosedives as Threats Increase
The number of security incidents between January and June 2003 exceeded 70,000, which is about twice the rate for 2002. Assessing the economic return from security investments is almost impossible, but few companies tabulate the costs of repairing a hacked website or cleansing a virus from their email systems. Consequently, few organizations provide even a moderate amount of protection to their IT systems and sensitive information.
IT Security Spending Is Increasing — But Slower Than Anticipated
IT security spending growth has not been as strong as industry predictions expected and many CIOs are still struggling to keep their IT security budgets intact. This article outlines key statistics and trends in IT security spending for 2002.