CAMBRIDGE, Mass. — Information security spending has fallen over the past year, but its importance has not similarly declined, according to a new report.

Chief information officers (CIOs) said they would spend 7.75% of their IT budgets on security this year, compared with 8.92% last year, according to the Forrester Research report, "The State of Information Security Spending."

The report, based on a survey of CIOs at organizations across North America and Europe, noted that despite the decline in spending, IT security remains a major focus, with 63% of the respondents saying that upgrading their security infrastructure was either a priority or critical priority this year.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.