Top 3 security problems remain despite increased spending

Wednesday, 18 February 2004, 11:44 AM EST

Expect security spending to get a boost at many companies, says The Yankee Group after surveying surveyed 404 "decision makers" at medium-to-large companies.

Half of respondents see security budgets increasing over the next three years; only eight percent see it decreasing. Also, half of all respondents share the same budgetary top-three: antivirus, intrusion detection systems (IDS) and intrusion prevention systems (IPS), and firewalls. In addition, 40 percent of the Fortune 500 plan to purchase Web services security products.

Yankee also sees more companies opting for outsourcing, and predicts managed security services alone will grow from $1.5 billion in 2002 to $3.7 billion in 2008.

By Mathew Schwartz at Enterprise Systems.

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