Security budgets again expected to rise next year

Share this article:

Despite a shaky economy, nearly half of surveyed IT professionals in North America saw increased security budgets this year and expect the growth to continue into the next.

TheInfoPro "Information Security Study," to be released on Friday, showed that 45 percent of respondents increased their budget for security projects and personnel between 2011 and 2012. Findings were based on in-depth interviews conducted with 200 IT professionals, primarily in North America.

On average, respondents said budgets for security initiatives and programs increased from $1 million to $1.5 million over the past year. Forty-seven percent of those polled expected their budget to increase again in 2013, with only eight percent predicting a decline.

Daniel Kennedy, research director for networking and information security at 451 Research, the New York-based company that runs TheInfoPro service, told SCMagazine.com on Thursday that mobile device management is among the top projects professionals planned to allocate their funds toward next year.

“That area is really up for grabs,” Kennedy said. “It's almost all around bring-your-own-device, and people are really coming to grips with that. Within the next six months, 20 percent of the respondents have new mobile device management enterprises underway.”

Other security projects expected to command a top priority in spending next year are endpoint and network data leakage prevention initiatives and application-aware firewall implementations.

Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

More in News

Tinba variant aimed at U.S., international banks

Tinba variant aimed at U.S., international banks

Researchers at AVAST have unlocked a Tinba variant and discovered it has been customized to target U.S. financial institutions.

Adobe makes delayed updates for Reader, Acrobat available

The Reader and Acrobat fixes were delayed a week due to issues found during testing.

Nigerian police search for ringleader in major bank heist

The suspect, Godswill Oyegwa Uyoyou, conspired with others to hack bank systems and divert 6.28 billion Naira to mule accounts.