Businesses set to maintain or increase IT security spend

Wednesday 5 December 2012

IT security

UK businesses are looking to sustain or increase levels of information security investment over the coming 12 months, a new study has indicated.

Research conducted jointly by Computer Weekly and Tech Target found that more than a third of companies are definitely planning to raise their IT security budgets.

Some six per cent of participants in the survey said they will raise spending by more than ten per cent, while 15 per cent have predicted an increase of between five and ten per cent.

Another 14 per cent said they plan to spend up to five per cent more on IT security solutions during 2013.

The study also found that 34 per cent of companies are expecting to keep investment levels the same, while more than a fifth (21 per cent) are yet to make their minds up.

Computer Weekly's Bill Goodwin said this was a "reflection of the uncertainty in the economy".

But on the positive side, just eight per cent of businesses are planning to pull funds away from this area.

Of the survey respondents, five per cent said they are intending to cut spending by between zero and five per cent.

The other three per cent are expecting to cut their budget by around a tenth - which could see them become more exposed to online threats and other attacks.

Posted by Alex Boardman