Inadequate funding remains the single largest obstacle to implementing effective IT security measures at most companies, according to the results of a recently completed global survey by Ernst & Young International. 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 favor as a measure of the effectiveness of information security spending,” Mark Doll, Americas director of Ernst & Young’s Security Services division, said in a prepared statement. “It looks like we need to find a credible alternative to conventional ROI approaches in order to secure funds for the information security function.” Full Story
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