Research: 41 percent increasing IT security budget in 2014

Research: 41 percent increasing IT security budget in 2014

Summary: Security concerns, budgets, trends and future plans were the focus of a recent Tech Pro Research survey, in which 41 percent of respondents said they will spend more on IT security in 2014 compared to 2013.

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Security is always a concern for IT professionals, and media news reports of breaches and leaks, combined with internal threats, have further increased worries.

A recent Tech Pro Research survey focused on IT security. The survey attracted 244 respondents from around the globe and from organizations of all sizes. The resulting report, IT Security: Concerns, budgets, trends and plans, focuses on the key findings from the survey.

Budgets were a hot subject. Overall, 41 percent of survey respondents said they will increase their IT security budget next year. This is a 16 percent increase compared to the number of budgets that rose in 2013. In addition, only 11 percent of all respondents said they plan to decrease their security budget next year.

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About two-thirds of the respondents said they are now more concerned with security, following media reports of breaches and leaks. However, only large organizations with more than 1,000 employees are planning to improve IT security controls. Smaller companies are lagging behind in the implementation of IT security controls.

Security projects were also discussed, with the top project for 2014 remaining the same as 2013: the development of better risk management processes.

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One of the top security concerns for businesses in 2014 will be Bring Your Own Device (BYOD). Lack of employee awareness regarding social engineering attacks was the number-one concern in 2013, but this moved to joint second place for 2014, with BYOD taking the top slot. BYOD has been such an ongoing topic that Tech Pro Research has created a ready-made BYOD policy that companies can download to use as their own policy.

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 The report also addresses the following IT security topics:

  • Employee awareness challenges
  • Improved risk management leads
  • Managing internal threats
  • Moving to risk management
  • BYOD challenges

Download the full Tech Pro Research report, IT Security: Concerns, budgets, trends and plans. The report is free to all Tech Pro Research subscribers.

TechRepublic, which is ZDNet's sister site, and its premium site Tech Pro Research, provide information that IT leaders need to solve today's toughest IT problems and make informed decisions. Visit Tech Pro Research for information on becoming a member.

Topics: IT Security in the Snowden Era, Security

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  • Online Security

    Teena,

    It’s awesome to see that companies are taking online security more seriously and increasing their budgets accordingly. However, there are options that aren’t as expensive as the “traditional methods” like key fobs. Instead of having to keep up with an extra piece of hardware, some solutions use something else you have—a mobile device. Toopher is an out of band 2fa solution that uses the location awareness of your smartphone to automate a user’s normal behaviors. This feature ensures that users only have to allow or deny activity that’s out of the ordinary. It’s a solution that people would want to use. Check out this video, it helped me understand exactly what they do! http://www.youtube.com/watch?v=k78xDTpy7PU
    Jgibson987