Spending To Fend Off Online Attacks Grows In 2004

More than half of companies surveyed say they will increase their security budgets over the next three years.

The information-security spending focus next year will be on hackers and viruses, according to research by Yankee Group. A lesser priority will be managing employee access via virtual private networks and identity-management apps.

The Yankee Group survey reports 54% of companies plan to boost their security budgets during the next three years, while only 8% say they'll be decreasing what they spend to secure their systems. Nearly 40% of companies say their security spending will remain about the same. Mike Paquette, VP of technology for security vendor Top Layer Networks, says he fells encouraged by the news.

"The anticipated spending is in line with what we hoped. There currently exists a deficit between the security that companies have deployed and the existing threats," he says.

News source: InformationWeek - Spending To Fend Off Online Attacks Grows In 2004

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