Govt and business security spend to grow tenfold by 2011
But that'll just be 4% of revenues
Governments and businesses are going to spend 10 times more on info security by 2011 than they do now.
According to the analyst firm Gartner, on average, only 0.4 per cent of a company's revenue is dedicated to information security in the US, but by 2011 that figure will increase by 10 times to four per cent of revenue.
Information security spend includes: costs for people, hardware, software, external services and physical security, according to Gartners' definition.
The Gartner report also says that by 2004, 80 per cent of enterprises will be using the Internet as an integral part of their business. And half of these will get severely burned financially due to Internet-borne incidents by that time. ®