'Cos' IT security budget to dip this year'

According to the end-user survey on Security Spending in India by Gartner, about 30 per cent of firms surveyed expect their enterprises’ IT security budget would decrease in 2009. “To some extent Indian companies may compromise on their IT security this year ” Gartner Analyst Matthew Cheung told PTI.

However, the situation may be improving as one-third of respondents expect their security budget to increase in 2010 compared to 2009.

“For 2010, 36 per cent respondents said they will hike their IT security budgets compared to 2009,” Cheung added.
The study, which surveyed about 50 Indian firms across various sectors, found hardware and software were two biggest security spending areas for them. Security spendings are on five key areas — hardware, software, personnel, outsourcing and consulting services.