Targeted Attacks Will Drive Companies IT Security Spend To $67.2 Billion This Year

Posted on Jun 12 2013 - 11:26am by Editorial Staff


According to a report on Gartner (via ZDNet), the companies spending on IT security due to increase in complexity and number of targeted attacks will be driving the global market to an 8.7 percent increase to hit $67.2 billion this year. The research firm even projected that the security technology and service market will take further expansion leap to $86 billion in 2016, pointing towards mobile security, big data and advanced targeted attacks.

Lawrence Pingree, research director at Gartner, said: “Enterprises should employ a defense-in-depth, layered approach model. Organizations must continue to set the security bar higher, reaching beyond many of the existing security and compliance mandates in order to either prevent or detect these newly emergent attacks and persistent penetration strategies. This layered approach is typical of many enterprise organizations and is often managed in independent ways to accomplish stated security goals, namely, detect, prevent, respond, and eliminate.”

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