Companies to spend little on security and governance

Tuesday, 30 December 2003, 4:53 PM EST

When it comes to tackling security, governance and compliance in 2004, Australian organizations are likely to take the same approach they have taken for the last few years, that is, continuing to "spend as little as they can get away with."

While there are plenty of issues in all three areas that need to be addressed and should be at the forefront of the IT agenda in the new year, Meta Group Inc. senior analyst for security and risk strategies Michael Warrilow said end users continue to bury their heads in the sand.

Spending, he said, won't peak until 2007/08 although organizations are committing more funds to security which currently accounts for an estimated 5 percent of the IT budget.

But despite all the talk about reputational ruin when it comes to good corporate governance, Warrilow said there will be little change in 2004.

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