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
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
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.
COVID-19: Latest Security News & Commentary
Dark Reading Staff 9/17/2020
Cybersecurity Bounces Back, but Talent Still Absent
Simone Petrella, Chief Executive Officer, CyberVista,  9/16/2020
Meet the Computer Scientist Who Helped Push for Paper Ballots
Kelly Jackson Higgins, Executive Editor at Dark Reading,  9/16/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
How IT Security Organizations are Attacking the Cybersecurity Problem
How IT Security Organizations are Attacking the Cybersecurity Problem
The COVID-19 pandemic turned the world -- and enterprise computing -- on end. Here's a look at how cybersecurity teams are retrenching their defense strategies, rebuilding their teams, and selecting new technologies to stop the oncoming rise of online attacks.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-14180
PUBLISHED: 2020-09-21
Affected versions of Atlassian Jira Service Desk Server and Data Center allow remote attackers authenticated as a non-administrator user to view Project Request-Types and Descriptions, via an Information Disclosure vulnerability in the editform request-type-fields resource. The affected versions are...
CVE-2020-14177
PUBLISHED: 2020-09-21
Affected versions of Atlassian Jira Server and Data Center allow remote attackers to impact the application's availability via a Regex-based Denial of Service (DoS) vulnerability in JQL version searching. The affected versions are before version 7.13.16; from version 7.14.0 before 8.5.7; from versio...
CVE-2020-14179
PUBLISHED: 2020-09-21
Affected versions of Atlassian Jira Server and Data Center allow remote, unauthenticated attackers to view custom field names and custom SLA names via an Information Disclosure vulnerability in the /secure/QueryComponent!Default.jspa endpoint. The affected versions are before version 8.5.8, and from...
CVE-2020-25789
PUBLISHED: 2020-09-19
An issue was discovered in Tiny Tiny RSS (aka tt-rss) before 2020-09-16. The cached_url feature mishandles JavaScript inside an SVG document.
CVE-2020-25790
PUBLISHED: 2020-09-19
** DISPUTED ** Typesetter CMS 5.x through 5.1 allows admins to upload and execute arbitrary PHP code via a .php file inside a ZIP archive. NOTE: the vendor disputes the significance of this report because "admins are considered trustworthy"; however, the behavior "contradicts our secu...