Magazine article Information Management

Security Efforts Still Lacking. (Up Front: News, Trends & Analysis)

Magazine article Information Management

Security Efforts Still Lacking. (Up Front: News, Trends & Analysis)

Article excerpt

There is more bad news about security, or the lack thereof, in U.S. businesses.

According to the New York Times, other areas of security, such as the disaster-preparedness of information technology (IT) systems, have come under increased scrutiny since 9/11. But, as with cyber security, little money has been spent. In a survey conducted for AT&T, 73 percent of those questioned said their companies had reviewed their disaster recovery planning after 9/11, but only one in 10 said it was a top priority.

Meta Group recently found that 41 percent of companies worldwide spend 5 percent or more of their IT budget on security, and that is up from 33 percent in 2001. By the end of 2003, Meta Group expects 55 percent of companies to budget at least 5 percent of their IT spending for security.

Chris Byrnes, vice president for security programs at Meta Group, told the Times that application development and IT operations will be most affected as CIOs are pressured to control costs while investing in security. …

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