Spending on the increase as CISOs push security as a business imperative
July 2013 by Marc Jacob
Spending on data security will rise by one third, document security will double, and spend on social media security will more than triple in next 24 months say 100 leading European information security professionals.
According to a survey of more than 100 leading European information security professionals, investment priorities are changing.
Spending to support business growth is at an all-time high (22% of 2013 budgets, up 5% on 2012 figures). Mandatory spend to meet regulatory and legal requirements has finally dropped (19% of 2013 budgets, down 7% on 2011 figures).
Resource is not all going towards a brighter tomorrow. Investments to maintain and run existing systems and processes are still the lion’s share, and have grown by 6% since 2011 (41% of 2013 budgets, up from 35% in 2011).
As to where the money is going, respondents said five areas were ‘priority one or two’ (where one is most important and five is least important). The five areas are: cloud security, data security, document security, social media security, mobile security.
Notable changes occur in spending priorities between 0-12 months (FY 2013) and 12-24 (FY 2014) months on data security, document security and social media security.
54% of respondents indicated spending on data security would be high priority in 2014 (up from 38% in 2013). 38% of respondents indicated spending on document security would be high priority in 2014 (more than double the 15% in 2013). 23% of respondents indicated spending on social media security would be high priority in 2014 (more than triple the 8% in 2013).
GDS International conducted the survey of 100 leading European information security professionals as a part of its Next Generation Security Summit planning. Findings are based on delegate spending priority surveys from 2011, 2012 and 2013.