threat-awareness, Rising threat-awareness to raise info security spending in 2014, Technology Times

Rising threat-awareness to raise info security spending in 2014

Rising threat-awareness to raise info security spending in 2014

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Global spending on information security will rise by 7.9 percent in 2014 over 2013 figure, to reach $71.7 billion, with data loss prevention segment recording the fastest growth at 18.9 percent, Gartner Inc., a leading information technology research and advisory company has said.

According to the latest forecast from the research firm, total information security spending will grow a further 8.2 percent in 2015 to reach $76.9 billion.

The increasing adoption of mobile, cloud, social and information (often interacting together) will drive use of new security technology and services through 2016, according to Gartner.

“This Nexus of Forces is impacting security in terms of new vulnerabilities,” said Gartner research director Lawrence Pingree. “It is also creating new opportunities to improve effectiveness, particularly as a result of better understanding security threats by using contextual information and other security intelligence.”

Pingree said that the bigger trend that emerged in 2013 was the democratization of security threats, driven by the easy availability of malicious software (malware) and infrastructure (via the underground economy) that can be used to launch advanced targeted attacks.

“This has led to increased awareness among organizations that would have traditionally treated security as an IT function and a cost center”, according to the Gartner executive.

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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929