Global Security Spending To Reach $96 Billion In 2018

By   ISBuzz Team
Writer , Information Security Buzz | Dec 11, 2017 01:00 pm PST

Gartner forecasts worldwide enterprise security spending to total $96.3 billion in 2018, an increase of 8 percent from 2017. Organizations are spending more on security as a result of regulations, shifting buyer mindset, awareness of emerging threats and the evolution to a digital business strategy. IT security experts are commented  below.

Tim Woods, Vice President, Technology Alliances at FireMon:

“Gartner’s prediction isn’t surprising with the number of high profile breaches that have occurred this year. Everyone is looking for the right mix of technology to build their defenses. The problem is, each new technology that’s adopted adds another layer of complexity to the network, making it nearly impossible to manage effectively. We’re reaching a breaking point in that regard. Automation can ease some of the management burden, at least making processes more efficient. But what it really comes down to is setting and enforcing a strong policy that creates a desirable “end-state” for security. As organizations plan their security spend, they should be looking out for technology that helps them enforce this policy quickly and consistently across the entire network.”

Lamar Bailey, Senior Director of Security Research and Development at Tripwire:

“It’s positive to see organisations investing in security.

However, companies should invest first in foundational controls before looking at the new niche product de jour.  A solid security program focusing on foundational security will thwart around 90% of the active threats.

Organizations need to remember that a new platform doesn’t automatically eliminate the need for basic, foundational security protections which need to be implemented from C-level executives down to every employee.”

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