Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Threat Intelligence

8/16/2017
12:25 PM
50%
50%

Gartner: Cybersecurity Spending Worldwide to Hit $86.4 Billion This Year

Security services sector still the fastest-growing segment, new forecast says.

The global information security market for 2017 will grow by 7% over last year with spending to reach $86.4 billion, according to a new forecast by Gartner.

Gartner said spending for security products and services will reach $93 billion in 2018, with security services still the most rapidly growing segment of the market.

"Rising awareness among CEOs and boards of directors about the business impact of security incidents and an evolving regulatory landscape have led to continued spending on security products and services," said Sid Deshpande, principal research analyst at Gartner. "However, improving security is not just about spending on new technologies ... Organizations can improve their security posture significantly just by addressing basic security and risk related hygiene elements like threat centric vulnerability management, centralized log management, internal network segmentation, backups and system hardening."

The European Union's General Data Protection Regulation (GDPR) will propel 65% of data loss prevention purchases through 2018.

And by 2020, some 40% of managed security service (MSS) contracts will be combined with other security services and IT outsourcing projects, and increase from the current 20%, according to the consultancy.

Read more on Gartner's market forecast here

 

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
8/17/2017 | 7:17:27 AM
Fantastic
This is great to see. In the past security budget always took a back seat to operational expense. It shows that security is finally getting the proper dues it requires.
Aviation Faces Increasing Cybersecurity Scrutiny
Kelly Jackson Higgins, Executive Editor at Dark Reading,  8/22/2019
Microsoft Tops Phishers' Favorite Brands as Facebook Spikes
Kelly Sheridan, Staff Editor, Dark Reading,  8/22/2019
Capital One Breach: What Security Teams Can Do Now
Dr. Richard Gold, Head of Security Engineering at Digital Shadows,  8/23/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
The State of IT Operations and Cybersecurity Operations
The State of IT Operations and Cybersecurity Operations
Your enterprise's cyber risk may depend upon the relationship between the IT team and the security team. Heres some insight on what's working and what isn't in the data center.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2016-6154
PUBLISHED: 2019-08-23
The authentication applet in Watchguard Fireware 11.11 Operating System has reflected XSS (this can also cause an open redirect).
CVE-2019-5594
PUBLISHED: 2019-08-23
An Improper Neutralization of Input During Web Page Generation ("Cross-site Scripting") in Fortinet FortiNAC 8.3.0 to 8.3.6 and 8.5.0 admin webUI may allow an unauthenticated attacker to perform a reflected XSS attack via the search field in the webUI.
CVE-2019-6695
PUBLISHED: 2019-08-23
Lack of root file system integrity checking in Fortinet FortiManager VM application images of all versions below 6.2.1 may allow an attacker to implant third-party programs by recreating the image through specific methods.
CVE-2019-12400
PUBLISHED: 2019-08-23
In version 2.0.3 Apache Santuario XML Security for Java, a caching mechanism was introduced to speed up creating new XML documents using a static pool of DocumentBuilders. However, if some untrusted code can register a malicious implementation with the thread context class loader first, then this im...
CVE-2019-15092
PUBLISHED: 2019-08-23
The webtoffee "WordPress Users & WooCommerce Customers Import Export" plugin 1.3.0 for WordPress allows CSV injection in the user_url, display_name, first_name, and last_name columns in an exported CSV file created by the WF_CustomerImpExpCsv_Exporter class.