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Security swallows a twelfth of IT budgets

Not including special projects or disaster recovery, says Meta. IT directors have been advised to spend three to eight per cent of their IT budgets on ongoing security costs. The figures are best practice guidelines given by analyst Meta at its 14th annual forum in Barcelona earlier this week. Meta explained that the figure does not include special events, nor projects such as public key infrastructure implementations. The analyst added that security budgets will increase by 10 per this year, as they had done in 2001 and 2002. Financial services firms should spend eight per cent of their IT budget on security to cover ongoing costs. Energy companies should allocate 6.5 per cent, e-commerce companies six per cent, retailers five per cent and manufacturing companies three per cent. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.