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HR: Security Spending on the Rise

Turns out enterprises will be spending more on security after all.

According to a new report released today by Heavy Reading Enterprise, organizations of all sizes will increase spending for security products and services over the next two years: 66 percent of respondents from both large- and medium-sized companies and 55 percent of small companies. These findings are in sharp contrast to vendor and analyst warnings of late that security spending is slowing. (See Symantec Signals More M&A.)

Around 200 organizations participating in the Heavy Reading Enterprise survey, which was conducted in May, are broken into large companies with revenues of over $500 million and/or more than 1,000 employees; medium-sized with $50 million to $500 million in revenues and 100-1,000 employees; and small companies, with less than $50 million and under 100 employees.

And 10 percent of large companies plan to increase spending by 25 percent or more, while 8 percent of medium companies and 9 percent of small companies plan to do so. 29 percent of large companies and 28 percent of medium-sized ones say their spending will remain flat, and 43 percent of small companies will keep their spending status quo.

So what's driving this security spending spree? "Security is not settling down. There are more and more security incidents every day, spam, spoofs, or loss of sensitive data," says Robert Lerner, senior analyst for Heavy Reading. "Organizations are looking to fill in a lot of security gaps and trying to build an enterprise-wide security system."

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