IT Security – Gartner: IT security spending to remain steady, but not a top CIO priority

A top research firm predicts that IT security spending will remain steady through 2011 with identity management as the top focus, but also suggests that CIOs still don’t rank security projects among their high-priority initiatives.

Stamford, Conn.-based Gartner Inc. will announce Thursday that during the next 12 months, it expects that enterprises will spend approximately 5% of their total IT budgets on information security technology. While that percentage is down slightly from 6% last year, Gartner forecasts that overall IT budgets will increase by nearly 2%, meaning security spending will largely hold its ground.

My concern is this treading water… spending the same amount as last year, and hoping they attack someone else.
Mark Kadrich
President and CEO, The Security Consortium

Gartner this week is previewing its latest security spending data — compiled via a host of recent research efforts — in advance of its Security and Risk Management Summit, which takes place near Washington D.C. June 21-23.

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Tags: IT Security, Information Technology Security, IT Spending, IT Budgets

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