Data Security Takes 10% of IT Operating Budgets
Forrester Research analysts say companies spend 10 percent of their operating budgets on protecting their system from data breaches. With the rising number of cyber attacks, it's no surprise firms are devoting much of their budget on data security.
The latest figures for data security spending show an 8% boost from that of last year. More and more organizations are even splurging copiously on IT support in general. This is widely attributed to the recent increase in malicious attacks on several networks.
Security has been the primary concern of CIO's for the last four years, according to Forrester surveys. This is also partly because of IT professionals who stipulate that security deserves greater attention, and CEO's are beginning to get it. The challenges faced by companies on data security are countless that spending just a tenth of their budgets is nothing compared to a far larger damage if they choose to leave their networks unprotected.
People who read this article also read...
Insolvencies in Auto Industry Could Affect IT Workers
A wave of unemployment among IT workers in the auto industry could be the most likely scenario should automakers continue to run out of cash. According to the data from the Cen... More »
Pilfered Data Prices Take a Big Plunge
An investigation facilitated by the Sydney Morning Herald concluded that the cost of stolen credit and debit card data has abated to US$1.50. Furthermore, the probe found ou... More »
IT Outsourcing: A Big No for Some Companies
In today's staggering worldwide economy, many companies have resorted to IT outsourcing hoping to cut their expenses down to half. However, there are still some firms who never co... More »
IT Professionals To Do Well Amidst Economic Setbacks
Experts say IT professionals are still facing a bright future despite the worldwide economy slow. Though many companies are now facing financial problems and cutting down... More »
Women in IT Focus on Career Over Family
A study participated by 1,795 male and female IT support staff, concluded that more and more women in the IT industry have opted to delay motherhood to advance their careers in a ... More »
