IT security spending set to rise in 2009

Spending on IT security will continue to grow in 2009, market-watcher Forrester Research has predicted.

The study’s other key findings included:

  • Only 6 per cent of respondents anticipate having to cut their security budget next year despite the current economic uncertainty.
  • Security makes up 10 per cent of overall IT operating budgets in 2008 - up from 8 per cent from 2007.
  • Nearly 50 per cent of respondents now report to a board/CEO or an executive committee.
  • Security is ‘no longer embedded within IT’.
  • Over 50 per cent of respondents said that protecting corporate intellectual property, and customer data, was their ‘top priority for the next 12 months’.
  • Companies are realising the significance of having business continuity and disaster recovery plans in place: forty-two percent of respondents said it was very important, up from 33 per cent in 2007.

"This is an exciting time to be in security," says Khalid Kark, Forrester principal analyst. "We are in a period of immense change in which we have the opportunity to define the future of our profession. Security and risk professionals are faced with a rapidly changing technology landscape and business environment."

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