What's Happening in Information Security

If you thought your IT budget was under attack it wasn't your imagination. Couldn't find the budget for a SIEM solution or PCI-DSS compliance solution? There was a decline in IT spending of 8.2% in the US and 8.9% worldwide according to Forrester Research. But there is GOOD NEWS for 2010: IT spending in 2010 should increase 6.6% in the US and 8.9% globally. The percent increase equates to $1.6 trillion!! That’s a lot of software and hardware. 

Forrester says the rebound in IT spending is based on "smart computing" in which more aware technology is combined with advanced analytics. Smart computing includes virtualization and unified communications. Andrew Bartels, principal analyst with Forrester, predicts that “. . .smart computing will kick off a six or seven year cycle of IT growth, investment and innovation. . . " and “. . . marks the beginning of this next phase of technological advancement.”

Spending on IT outsourcing is expected to grow 7.1% and spending on software is expected to grow 9.7%.  Regionally Forrester is predicting 11.2% rise in technology purchases in Western and Central Europe with purchases in Canada growing 9.9%.

We hope you’re expecting the same good news for spending in your organizations. In 2009, we talked to many of you who lost funding for special security projects; lost headcount that limited your ability to put new safeguards into place.

If PCI DSS compliance is at the top of your priority list for 2010 - here’s some good news! With our partner Quest Systems, for as little as $1500 a month, you can have an enterprise class PCI DSS Compliance solution like Intellitactics SAFE on premise and have the same operational control as organizations with a 24x7 SOC.   You get the reports you need and dashboard views of key compliance measures. Intellitactics SAFE not only improves assessment readiness, it provides you the essential capabilities to improve security efficacy and reduce the cost of compliance.

How close are the Forrester predictions to your 2010 budget – comment now. Learn how to get more from your SIEM solution – read  Everyday Compliance.