Security to eat up more IT budget in 2009

Research finds IT security spending will buck overall trend by rising in 2009

Security budgets are set to increase over 2009 according to vendor Finjan

The proportion of IT budgets being spent on security is set to rise in 2009, according to Finjan.

The secure web gateway vendor polled 200 IT security professionals in December to determine budget trends in 2009 compared with 2008.

The prognosis for overall budgets was far from rosy, with 34 per cent of respondents saying they expected them to be slightly smaller in 2009 and 38 per cent expecting no change.

In contrast, 34 per cent of those polled reckoned IT security budgets would increase in 2009. Some 43 per cent said they expected their IT security budget to remain the same.

The research comes a month after figures from Infonetics Research indicated that IT security remains one of the market’s few bright spots.

Finjan noted that the upward trend in IT security budget allocation was especially pronounced in the financial and governmental sectors.