IT Managers: ''Security more important than cost-control''

Posted on Tuesday, July 27 2004 @ 16:26 CEST by Thomas De Maesschalck
A new research by IDC shows that security has become more important than cost-control and cost containment issues. The latest Enterprise Technology Trends (ETT) survey was conducted by IDC between April and May 2004, with a response from 939 U.S. and Canadian companies.

Over three quarters of IT and business executives rate security as an extremely or very significant concern for their organizations.
“Our latest survey findings indicate that IT spending on security and business continuity has increased at 59% of organizations in the last 12 months," said Lucie Draper, program manager for IDC's Enterprise Technology Trends, Vertical Markets Group. “We believe that despite the economic environment, and in some cases because of the geopolitical environment, the prospects for vendors of security technologies are good.”

Among the key findings presented in IDC’s latest ETT survey are the following:
  • IDC found that the biggest difference between organizations that have a corporate IT security officer and those that do not have someone in that position is whether security policies and procedures are in place, namely an organization-wide disaster recovery and business continuity strategy and regular security risk analyses, security auditing, or security status tracking.
  • Ubiquitous access to the Internet followed by a reaction to a major security breach at one's company were most frequently rated as having a high influence on an organization's investments in security technology and deployment of security measures.
  • Four in ten North American organizations rated security audit results as having a high influence on the deployment of security measures.
  • Corporate compliance and government regulations as they relate to security and privacy remain of particular concern to the banking and the healthcare services industries.
  • One or more of an array of security technologies are in some stage of adoption at most companies. While some technologies, such as antiviral tools, are already in place at the vast majority of North American companies, others are at different stages of the evaluation or implementation process, and in some cases these vary markedly by industry segment.
  • Source: IDC

    About the Author

    Thomas De Maesschalck

    Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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