IT security budget increase by 41 percent in 2014

It’s usually not until you get something stolen that you beef up your security and pay more attention to safety.

This past year has proven just how critical IT security is to companies.

New reports of data breaches and leaks, combined with internal threats have significantly increased concern for security woes.

The recent Tech Pro Research survey focused on IT security and discovered that 41 percent of survey respondents say they will increase their IT security budget for the next year.

This is a 16 percent increase compared to the number of budgets that rose from last year.

Only 11 percent say they plan to decrease their security budget next year.



Almost two-thirds of the survey takers said they are now more concerned with security, following media reports, breaches and leaks.

Smaller companies are usually the ones who lag when it comes to IT security.  Large organizations with more than 1,000 employees say they are planning to improve their IT security.

That doesn’t come as a surprise because they generally have more at steak.



The number one security concern is “Bring Your Own Device”, (BYOD) to work.

Lack of employee awareness regarding social engineering, is a topic that Tech Pro Research has put their focus into.

They have created a ready-made BYOD policy that companies can download to use as their own policy.




Other reports that address IT security topics are:

• Employee awareness challenges
• Improved risk management leads
• Managing internal threats
• Moving to risk management
• BYOD challenges

If you would like to Download the full Tech Pro Research report, IT Security: Concerns, budgets, trends and plans.  The report is free to all Tech Pro Research subscribers.

Are you a small business thinking about increasing your budget?  Let us know why in the comments below!

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References:

Hammond, Teena
Research: 41 percent increasing IT security budget in 2014
12/03/2013
http://www.zdnet.com/research-41-increasing-it-security-budget-in-2014-7000023597/