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.

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