Survey: Network Threats Will Increase – but Not Security Budgets

According to a recent survey conducted by security information and event management company NetForensics, the perceived need for protection against network threats is going up, while the resources available to deal with the problem are headed in the opposite direction.

Of the 100-plus survey respondents, 85% believe their organization’s security environment will grow more complex over the next 24 months, leading to additional security threats in the second half of 2010 and into 2011 – but 53% believe their organization is not budgeting enough on security to manage the increasing threats.. Sixty-three percent of the respondents identified the weak economy as a factor in their reduced security budgets.

Additionally, the survey showed that more than 65% of respondents do not feel confident their organization has complete visibility into its security posture at any given point in time. Comments such as, “My organization is letting security people go.” or “We allocate enough capital, but we are lacking in allocation of bodies to complete the work.” were cited as typical. But in spite of increased threats and reduced staff, more than 70% of the survey respondents said they would not outsource their security.

Related Reading: Security Budgets Not in Line with Threats