Enterprises Up Security Budgets

NEW YORK -- TheInfoPro (TIP, www.theinfopro.net) has released the Time Series report from Wave 8 of their Information Security Study based on 147 hour-long interviews with pre-screened security decision makers from Fortune 1000 enterprises.

“Since Wave 7 of our Information Security study, published in the summer of 2006, we have seen an additional 24% of the sample cite Information Security budget increase based on compliance and regularity issues. Current overall compliance budget increases now exist in 70% of the Fortune 1000 sized organizations that TIP interviews. It is rare to see such a large influencer in the Information Security marketplace,” states Bill Trussell, Managing Director of TIP’s Security Sector. “In tandem with the budget increases we have also seen a 50% increase from our previous Wave in the number of organizations citing Regulatory and Compliance projects among their top two security initiatives.”

“A hallmark of TIP’s research methodology is that we conduct our studies in six month intervals or “Waves” notes Frank Coloccia, TIP’s Chief Research Officer. “We have been investigating the Information Security market since 2002 to diligently track the changes in budgets, vendor performance, and technology roadmaps of the Fortune 1000. Security pros, technology investors, and vendors leverage this intelligence to better understand this dynamic and fast growing market,” adds Coloccia.

TheInfoPro Inc. (TIP)