Spending on IT security remains strong, with 44% of enterprise security managers expecting to increase their budget over the next few months, according to a January 2016 report by 451 Research.
The firm’s Voice of the Enterprise: Information Security quarterly study shows that only 4% of enterprises are decreasing security spending. While security budgets are stable or increasing for almost all organizations, security managers reported significant obstacles in fully realizing the benefits of security incident and even management (SIEM) solutions because of lack of staff expertise (44%) and inadequate staffing (28%).
Given this challenge, only 57% of enterprises are able to devote more than one professional to their SIEM implementation and monitoring.
Just over 40% of respondents noted “hackers with malicious intent”’ as their top security concern over the past 90 days, followed by navigating compliance requirements (37%). As a consequence, 23% of security managers said compliance requirements were a key driver in getting projects approved, second only to risk assessment, cited by 25% of respondents.
"SIEM solutions hold a lot of promise as the centralized solution for unlocking all the secrets held in the logs of enterprise systems and marrying them with the use of threat intelligence,” Daniel Kennedy, research director for Information Security at 451. ”That promise comes at a cost. SIEM solutions still retain a reputation for being difficult to set up, difficult to add new feeds to, and difficult to tune. That said, their value to the enterprise security manager is increasingly understood, and while many SIEM implementations may have started out as a compliance check mark, they have transcended those roots.”
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access