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

What IT skills are in demand?

IT security tops the list of skills that teams need most, and one out of five reported having difficulty finding skilled talent for cloud initiatives. Companies are also looking for pros who have skills in network engineering, systems engineering, IT architecture and network operations.


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, Apr 17th
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //