TechnologyIT security budgets to increase: Finjan

IT security budgets to increase: Finjan

Despite the economic downturn, a rise in cyber crime attacks has led to businesses increasing IT security budgets

A survey by Finjan Web Security has revealed IT security expenditure will has
increased for 2009 as overall IT budgets are expected to decrease.

The survey of 200 IT and security professionals was conducted throughout
December 2008, and shows the growing threat of cyber crime is directly
attributed to increases in IT security budgets.

In addition, 38% of respondents indicated that they do not expect a change in
their 2009 IT budgets, while 34% said they expect budgets to be slightly
smaller.

According to Yuval Ben-Itzhak, chief technology officer at Finjan, worsening
market conditions will bring IT budgets under scrutiny as organisations revise
expenditure across all business lines.

‘While 2008 saw IT security departments facing new challenges in protecting
valuable business data against an ever-increasing wave of cyber crime attacks,
2009 is adding a further economic challenge to the mix. As a result,
organisations are looking for a comprehensive security solution with low TCO
that covers all their web security needs and is also simple and easy to manage,’
he said.

The survey also found that the upward trend in IT security budget allocation
was more evident in the finance and government sectors.

Further Reading:

E-crime
victims shun the police

Softwares:
technology in a tangle

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