http://www.smh.com.au/it-pro/security-it/billions-spent-on-cyber-security-and-much-of-it-wasted-20140403-zqprb.html
By Stuart Corner
IT Pro
smh.com.au
April 3, 2014
The global IT security budget runs into tens of billions of dollars but
much of it is not being used effectively, say security experts.
ABI Research estimated that cyber security spending for critical
infrastructure - the segments of defence, energy, financial, healthcare,
ICT, public security, transport, and water and waste management hit $US46
billion globally in 2013. Gartner put overall security technology and
services market at $US67.2 billion in 2013.
In the face of an evolving cybercriminal "community", Art Gilliland, HP’s
senior vice president and general manager, enterprise security, argues
businesses need to rethink their security spend.
"We're spending something like $46 billion a year on cyber security but
the percentage of breaches is increasing by 20 per cent per year and the
cost of those breaches is increasing by 30 per cent," he told IT Pro.
[...]
--
Subscribe to InfoSec News
http://www.infosecnews.org/subscribe-to-infosec-news/
