Dive Brief:
- A new report from 451 Research found 44% of enterprise security managers expect to increase their budget in the next 90 days.
- However, the majority of those increases will be small, according to the report.
- Just 4% of enterprises said they plan to decrease security spending in 2016.
Dive Insight:
Less than 10% of respondents reported they plan to make significant increases to their security budget this year, said Daniel Kennedy, research director for information security at 451 Research, in an interview with eWeek. The majority of increases will be small, he said, and applied to “increasing people costs—hiring, third-party—and further investment in the cost of security tools.”
The report also unveiled some of the top concerns of IT security professionals over the past three months. Forty-one percent of respondents said hackers with malicious intent were their top security concerns, followed by navigating compliance requirements, at 37%.
The report data was based on customer surveys as well as in-depth interviews with senior security professionals.
Last week, industry representatives spoke before the House Committee on Science, Space and Technology to collectively urge the federal government to make cybersecurity a bigger priority and to increase the amount of money they are willing to spend on it.
