2010 TMT Global Security Study: Key Findings - Bounce Back
At the time of the 2009 Global Security Study, the economy was in the deepest depths of a global recession and organizations were reviewing and cutting costs everywhere they could-including security. The damage done by last year's budget cuts is reflected this year in respondents' responses: 57 percent of organizations polled believe they are falling behind or still catching up in dealing with security threats. Only one-third of the respondents believe they are "On plan"-compared with 60 percent in the 2009 study. This year's study shows a slight increase in security investment in anticipation of an economic recovery. This year's study shows a slight increase in security investment in anticipation of an economic recovery. After more than a year of restricted spending and postponed projects, significant security and infrastructure upgrades are finally underway. Many technology, media and telecommunications businesses were among the first to be affected by the economic crisis and are now among the first to benefit as economies recover. Technology organizations in particular are at the forefront of the recovery. The study shows a noteworthy increase in information security budgets over the past 12 months. Ten percent of respondents increased their budget by more than 10 percent. Thirty-six percent increased their budget by up to 10 percent. In light of the global recession - and still fragile recovery- 38 percent of respondents have established metrics aligned with business value to measure the effectiveness of their security investments, while another 24 percent are moving in that direction. These figures show that technology, media and telecommunications organizations are trying to spend their information security budgets wisely. They want to obtain high security levels at a reasonable price and are positioning themselves for an optimistic (but still uncertain) future.