Data protection, identity management to get increasing attention in new year's budgets, Forrester says

Tim Wilson, Editor in Chief, Dark Reading, Contributor

January 5, 2009

1 Min Read

Despite a troubled economy, both large and small enterprises are poised to spend a higher percentage of their IT budgets on security in 2009, a major research firm said today.

According to new reports on IT security trends in large enterprises and small and midsize businesses (SMBs) released today by Forrester Research, the pressure to cut back on IT spending is not slowing the trend toward increased security spending.

"Security is getting a larger slice of the IT budget pie," says Forrester analyst Jonathan Penn in the enterprise study. "Firms are devoting 11.7 percent of their company's IT operating budget to IT security in 2008 -- contrasted with 7.2 percent in 2007 -- and plan to continue nudging up IT security budgets in 2009 to 12.6 percent of the IT operating budget." Security will also account for a higher percentage of budget allocations for new initiatives this year, going from

About the Author(s)

Tim Wilson, Editor in Chief, Dark Reading

Contributor

Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one of the top cyber security journalists in the US in voting among his peers, conducted by the SANS Institute. In 2011 he was named one of the 50 Most Powerful Voices in Security by SYS-CON Media.

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