Is security eating up your IT budget?

If your IT budget is bulging at the seams, don't despair. You are not alone, but it may be time to find a solution to a problem that won't be going away. A new Forrester Research Survey finds that IT security budgets are increasing in 2009 to consume almost 13 percent of overall IT budgets. That's up from 11.7 percent in 2008, according to a survey of 942 IT and security managers in North America and Europe.

The survey finds that security staffing and upgrades are taking up over half of IT security budgets overall, according to Forrester's report, "The State of Enterprise IT Security: 2008 to 2009."

The survey also shows 20 percent of the available IT security funding this year is expected to go to security outsourcing, consultants and managed services, with another 18.5 percent targeting new security initiatives.

For more on the rising cost of IT security:
- check out this NetworkWorld.com article

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IT budgets news from FierceCIO