Compliance biggest driver of security spending, survey says
More than 70% of Fortune 1000 companies are increasing their security budgets to implement new systems and processes for meeting regulatory and audit compliance requirements.
A majority of the compliance-related spending is on policy and process changes, followed by software purchases and encryption technologies, according to a survey of 147 IT managers at Fortune 1000 companies by TheInfoPro Inc. (TIP), a New York-based consultancy.
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