Poor funding is biggest obstacle to effective IT security

Friday, 18 July 2003, 9:16 AM EST

Even so, a majority of the companies surveyed said they rarely or never calculate return on investment when building a case for information security budgets.

"Return on investment appears to have fallen out of favour as a measure of the effectiveness of information security spending," said Mark Doll, Americas director of Ernst & Young's Security Services division.

"It looks like we need to find a credible alternative to conventional ROI approaches to secure funds for the information security function."

The "2003 Ernst & Young Global Information Security Survey" was conducted over a two-month period in early 2003 and includes responses from more than 1,400 organisations in 66 countries.

Not surprisingly, 90% of the organisations surveyed said that IT security is of high importance to them, with 78% identifying risk reduction as the top factor influencing security spending.

[ Read more ]




Spotlight

Infosec management strategies and the modern CTO

Posted on 21 January 2015.  |  Brandon Hoffman, Lumeta's CTO, talks about the management strategies that are essential in the information security industry. He also offers advice to those stepping into the CTO role for the first time, and talks about the evolution of network situational awareness.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Fri, Jan 23rd
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //