Archive notice: This article was originally published on January 12, 2009. Links and embedded videos are preserved as part of the historical record.
Finjan, a provider of secure web-gateway solutions for the enterprise segment, today publishes the results of its IT security study conducted in December 2008.
In view of the current economic climate and the growing threat of cybercrime, described in detail in the current Web Security Trends Report Q4 2008, Finjan conducted an online survey of 200 IT and security professionals. The study focused on identifying a trend in the size of IT budgets in 2009 compared with 2008.
The results show that general IT budgets are likely to be lower in 2009 than in 2008. However, the outlook for IT security budgets is considerably more optimistic, as companies increasingly plan to invest a larger share of their IT budgets in IT security.
The study’s key findings:
· 38% of respondents said they expect no change in the size of their IT budget in 2009, while 34% expect a slightly smaller budget.
· 34% of respondents expect their IT security budget to be higher in 2009 than in the previous year, confirming a trend toward companies allocating a larger share of their IT budgets to IT security.
43% of respondents expect their IT security budget to remain unchanged from 2008.
· The study also found that the trend toward higher IT security budgets is more pronounced in the financial and public sectors than in other areas.
“In economically difficult times such as these, companies can be expected to scrutinize all budgets very closely. Businesses are trying to maximize the value of their spending and reduce the total cost of ownership (TCO) of their IT investments. Efficiency is the watchword,” said Yuval Ben-Itzhak, CTO at Finjan. “In 2008, IT security departments faced constantly emerging challenges in protecting their organizations against the growing dangers of cybercrime.
In 2009, they must also contend with economic factors. As a result, companies are looking for a comprehensive security solution with a low TCO that covers all their web-security requirements while also being easy to manage.”
Further Links:
- More information