Security spending on the rise

Meanwhile, when it comes to spending, a new study from the Computing Technology Industry Association (CompTIA) notes that security accounted for 20 percent of technology spending last year and that figure is expected to rise. After surveying 1,070 organizations, CompTIA reports that one-fifth of their technology budgets are spent on security-related spending in 2006. That's up from the 15 percent of IT budgets spent on security in 2005, and the 12 percent spent in 2004. Specifically, for each dollar spent on security, about 42 cents goes toward technology product purchases; 17 cents goes toward security-related processes; 15 cents covers training; 12 cents for assessments; and 9 cents pays for certification. The balance goes to other items. Almost half of the respondents said they plan to increase spending on security-related technologies. One-third of those surveyed said they expect to increase spending on security training. Those who expect to increase spending would do so by an average increase of 23 percent.

For more on security:
- read the article in InformationWeek