An overwhelming 78.1 percent CIOs stated that they would spend more than the previous year on security management and planning in the current year.
Investments in security are rising at quick pace what with all the data and security breaches that did the rounds. The findings of the 2014 Mid-Year Review Survey depict that CIOs are spending more money on security initiatives.
A staggering 78.1 percent CIOs stated that they would spend more on security management and planning in the current year. This is a significant increase from 59.4 percent last year.
With the deployment of advanced technologies like cloud, mobility, social media, collaboration, and analytics, the discussions around security have taken the center stage.
Over 26.4 percent CIOs stated that security breaches will increase the datacenter complexities of their organization. Nearly 21. 2 percent of the respondents are concerned about security in the cloud. 12.8 percent CIOs will focus on the mobile security requirements.
With everything said and done, data still is the most crucial part of the security conversation and protecting it is a major responsibility. Over 30 percent CIOs said that owing to the security or regulatory impact they are focusing on securing corporate or customer data.
Prevention is better than cure and IT initiatives to protect the organization from security breaches is essential. Over 41.7 percent CIOs regarded developing a strategy for improving security and risk mitigation as one of their key IT management initiatives over the next nine months.