FARONICS SURVEY COMPARES MOTIVATIONS, TRENDS AND MEASUREMENT OF IT SECURITY SPENDING AMONG UK AND US ORGANISATIONS
Ponemon study reveals ‘regulatory compliance’ and ‘responsibility to protect data’ as key drivers for funding in the UK; US organisations cite ‘data breach response’ as the top reason for security spend London – 7 January, 2012 – Faronics, a global leader in simplifying, securing and managing multi-user computer environments, has announced the results of a comparative survey that explores the motivations behind IT security spending among UK and US organisations, and how industry regulations, data breach mitigation and the fear of reputational damage rank in the decision making process. The research, conducted by The Ponemon Institute[1], revealed that compliance (54 percent) and a sense of responsibility to protect information (45 percent) were the top two reasons for IT security funding in the UK, while organisations in the US cited the need to respond to recent breaches or other security exploits (63 percent) as the biggest driver. This could be due to the fact that many US organisations report multiple data breaches, with 30 percent of respondents experiencing more than three incidents in a year, compared to just 19 percent citing the same in the UK. Similarly, with 62 percent of UK organisations naming complexity of regulatory requirements as the biggest barrier to security, it is unsurprising that such great emphasis is placed on compliance. In terms of the most important considerations when selecting security and data protection solutions, low purchase cost, ease of deployment and low running costs were the top requirements for all respondents. Conversely, positive peer Continue Reading... Read More