Research: 41% increasing IT security budget in 2014

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Security concerns, budgets, trends and future plans were the focus of a recent Tech Pro Research survey.

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 elements from the survey.

In the survey, budgets were a hot subject. Overall, 41 percent of 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 13 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 more concerned now with security, after media news 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 implementation of IT security controls.

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

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One of the top concerns for businesses in 2014 will be Bring Your Own Device (BYOD). Lack of employee awareness in regard to social engineering attacks was the number one concern in 2013 but moved to second place for 2014, with BYOD taking the top slot. BYOD has been such an ongoing topic that Tech Pro Research 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

- Moving to risk management

- Managing internal threats

- BYOD challenges

Download the full Tech Pro Research report, IT Security: Concerns, budgets, trends and plans

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