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Information Security Spending to Grow in 2014, Gartner Reports

August 27, 2024         By: Ellen Red

Gartner, Inc., a leading information technology research and advisory company, reported that global cost on information security will reach $71.1 billion by the end of 2014.

This global information security cost in 2014 is 7.9 percent higher than in 2013.

According to Gartner, the data loss prevention part of information security recorded the fastest growth at 18.9 percent.

Gartner added that in 2015, worldwide information security spending will reach $76.9 billion, an 8.2 percent increase from the 2014 spending.

The latest Gartner report also revealed that starting in 2017, mobile security will become a higher priority for consumers.

Lawrence Pingree, Research Director of Gartner, said in a statement that the rising adoption and interaction of mobile, cloud, social and information creates new security vulnerabilities.

While new security vulnerabilities are formed, the Research Director of Gartner said, “It is also creating new opportunities to improve effectiveness, particularly as a result of better understanding security threats by using contextual information and other security intelligence.”

The Research Director of Gartner reported that one of the information security trends that emerged in 2013 was the “democratization of security threats” brought about by the easy availability of malware and easy availability of infrastructure – through the underground economy – used to launch advanced targeted attacks.

As a result of this “democratization of security threats,” Mr. Pingree said that organizations do not consider handling information security threats as a simple IT function, and are now investing heavily into managing these threats.