14 DAY TRIAL // The fear of data leaks, card breaches, hacking, and other incidents has prevented many companies from cutting security spending budgets for the upcoming year, as a recent survey from 451 Research has pointed out.
Even better, 44% of the surveyed enterprise security managers are expecting to boost their security budget in the coming 90 days, mainly to deal with the rise in cyber-attacks, but also with a personnel drought that makes finding and hiring the qualified people extremely difficult.
Only 4% of companies said they expect to cut down on security spending, which means that almost 96% of businesses have understood the risk they are currently facing and aren't willing to hinder their IT security department's efforts by depriving them of much needed financial resources.
But while financial resources seem to be assured in the majority of enterprises, security managers are still reporting that it's still hard to find employees with the needed expertise (44.4%) and that their companies aren't yet fully staffed on all positions in their security departments (27.8%).
41% of these companies report fearing hackers with malicious intents as their top security threat. Second on that list, companies fear their inability to navigate security compliance requirements (37%), which many security managers have found extremely difficult to adequately follow.
The full Voice of the Enterprise: Information Security Q4 2015 report is available for download.