Experts On Research: IT Security Budget Growth Is Slowing In UK Businesses

Research from Databarracks has found that over half (55 per cent) of UK businesses have seen their IT security budgets either stay the same or decrease in the last 12 months, with just a third (33 percent) seeing an increase. This is down on last year when 36 percent reported growth in budget, and bucks a trend of continuous growth over the previous four years.

The findings were taken from Databarracks’ annual Data Health Check survey.


EXPERTS COMMENTS
Peter Groucutt, Managing Director ,  Databarracks
November 05, 2019
It demands commitment from the highest levels of the organization and the resources to deliver – both budget and time.
In previous years, we’ve seen a steady increase in security budget growth. This time it’s different. Cyber incidents are becoming more prominent as a cause of both IT downtime and data loss, and attack types like ransomware are causing significant disruption – particularly for manufacturing and the public sector. These developments underline that now is not the time to reduce investment i ....
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