Why CIOs are Resetting Information Security Priorities

Business partners with shoddy information security. Cloud computing vendors with dubious risk controls. What’s a CIO to do? Our annual Global Information Security Survey tracks the trends.

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The Way Forward

Our survey shows that despite the recent economic conditions, companies aren’t making drastic cutbacks in security. In fact, most of you neither cut nor deferred security expenditures. Looking ahead, 52 percent expect security spending to increase at least 10 percent in the next year; 9 percent plan to increase their spending by more than 30 percent.

Lobel notes that projected spending increases are never a given. Companies may approve a budget but wait until the last minute to free up the money because of continued economic uncertainty. But he expects to see a continuing increase in demand for better security as companies feel the pressure of regulatory compliance just as they offer more services online.

“There is pent-up demand for investments in things like application and mobile security,” Lobel says. “When they green-light the actual spending, you’ll see things really take off.”

When that happens, global IT security will take another step forward.

How We Got the Numbers

By Research Manager Carolyn Johnson

The Global Information Security Survey, a worldwide study by CIO, CSO and PricewaterhouseCoopers, was conducted online from February 19 to April 30, 2010. CIO and CSO print and online readers and clients of PricewaterhouseCoopers from around the globe were invited to take the survey. Results are based on responses from 12,847 security and IT professionals from more than 100 countries. The most respondents—37 percent—were from Asia, followed by Europe (30 percent), North America (17 percent), South America (14 percent) and the Middle East and South Africa (2 percent).

Follow Senior Editor Bill Brenner on Twitter: @BillBrenner70.

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Copyright © 2010 IDG Communications, Inc.

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