No crisis in IT Security budgets
By Davey Winder in Editorial
Posted in Economy, Business, Security on
Happy New Year, not! So far this month there have been reports of potentially thousands of jobs to go at Microsoft and as many as 20,000 jobs to go at Dell, IBM and Lenovo. These on top of reports from the end of last year which talked about 17,500 jobs being slashed at BT, Sun and Yahoo!
You might excuse me, therefore, for not being particularly upbeat about things when it comes to the economic crisis and the IT business.
However, IT and security professionals are a lot more optimistic, it would seem, when it comes to predictions about their own budgets during the course of this year. At least if what they have been telling Finjan as part of an IT security survey is to be believed.
Finjan conducted the survey amongst some 200 IT and security pros, focusing upon determining trends for allocating IT budgets this year compared with last. Unsurprisingly, it discovered that when it comes to the total IT budgets for 2009 these are reduced compared to 2008. Surprisingly, and thankfully it has to be said, the same is not the case when it comes to that part of the budget dedicated to security.
Here’s what the survey said about security budgets:
38 percent do not expect a change in their 2009 budgets
34 percent indicated that they expect them to be slightly smaller
34 percent expect their IT security budgets for 2009 to go up
43 percent expect their IT security budgets to remain the same
“During an economic downturn it is to be expected that all budgets come under scrutiny. Organizations are trying to get the most out of their spending and reduce the Total Cost of Ownership of their IT investments - efficiency being the name of the game.” said Yuval Ben-Itzhak, Chief Technology Officer at Finjan. “While 2008 saw IT security departments facing new challenges in protecting valuable business data against an ever-increasing wave of cybercrime attacks, 2009 is adding a further economic challenge to the mix. As a result, organizations 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 concluded.
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