Survey Says Security Chiefs Expect Boost in Cloud Spending

Survey Says Security Chiefs Expect Boost in Cloud Spending

The shifting of data center resources to public and private cloud environments may be forcing organizations to shift IT spending to initiatives that support data protection, monitoring and managed security services, according to a survey conducted by IBM.

Nearly 150 security chiefs responded to the survey, which came to the conclusion that security budgets are expected to increase over the next three to five years as the elasticity of the perimeter grows increasingly difficult for security professionals to secure.

The budget increases could be a boon for managed security services providers and the flood of emerging vendors selling security analytics, automated incident response and advanced threat detection capabilities, said Kris Lovejoy, general manager of IBM's security services division. New technology paradigms are going to require a skilled partner ecosystem of systems integrators, consultants and regional managed services providers with strong security practices, said Lovejoy, also a senior IT architect and systems engineer at IBM.

“Customers are seeing through all these breaches that their data is vulnerable, especially in the cloud where they often don’t have as much control over data and processes,” said David Sockol, president and CEO of security consulting firm Emagined Security. “They’re starting to put protections in place around their cloud assets.”

About the Author

Matt Holden is an Associate Content Editor for 1105 Media, Inc. He received his MFA and BA in journalism from Ball State University in Muncie, Indiana. He currently writes and edits for Occupational Health & Safety magazine, and Security Today.

  • Ahead of Current Events Ahead of Current Events

    In this episode, Ralph C. Jensen chats with Dana Barnes, president of global government at Dataminr. We talk about the evolution of Dataminr and how data software benefits business and personnel alike. The Dataminr mission is to keep subscribers up-to-date on worldwide events in case of employee travel. Barnes recites Dataminr history and how their platform works. With so much emphasis on cybersecurity, Barnes goes into detail about his cybersecurity background and the measures Dataminr takes to ensure safe and secure implementation.

Digital Edition

  • Environmental Protection
  • Occupational Health & Safety
  • Spaces4Learning
  • Campus Security & Life Safety