Businesses Spend 20% of IT Budgets on Security

Stony Stevenson writes "Security accounted for 20 percent of technology spending last year and it's expected to rise, according to a report released Tuesday. The Computing Technology Industry Association (CompTIA) surveyed 1,070 organisations and found that on average, they spent one-fifth of their technology budgets 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."

that's how we roll around here

[User 956]

Security accounted for 20 percent of technology spending last year and it's expected to rise, according to a report released Tuesday ... That's up from the 15 percent of IT budgets spent on security in 2005, and the 12 percent spent in 2004.

That makes sense. I mean, nerf weapons count as a security expense, right?

I call bull

[flyingfsck]

Unless they count a UPS, RAID and tape drives as security, there is no way that security can eat up that much of the budget, except maybe if the surveyed all use Windoze...

Re:that's how we roll around here

[Architect_sasyr]

Definitely do. It's the only way I can keep the damn bean counters from getting into mission control!

lol

[spykemail]

It's the same thing people always do when they screw something up and don't know how to fix it - throw money at it. I love it when IT companies get paid to implement "security" features (speed bumps) then "service" (disable) them. It would be like funding an invasion of a country then paying for the reconstruction of all the shit you just blew up~

Re:I call bull

[spykemail]

When did IIS become #1? And where is the nearest suicide booth?

Re:pebkac security patch

[UncleTogie]

I wonder how much of that spending went to training their employees that "password", "letmein" and lastly "123" are *NOT* the best passwords.

Just happened today: The uber-friendly shopkeeper next door asked me to help him void a transaction. When the password prompt came up, he looked at me and simply said, "1-2-3-4-5."

I couldn't resist. I looked back at him and said, "That's funny. I've got the same combination on my luggage..." [wikiquote.org]