Gartner: Worldwide Information Security Spending Will Grow 8% in 2014

August 25, 2014 (Mon): According to the latest forecast from Gartner, Inc., worldwide spending on information security will reach US$71.1 billion this year, an increase of 7.9 percent if compared with 2013 and will grow a further 8.2 percent in 2015 to reach US$76.9 billion.

“The bigger trend that emerged in 2013 was the democratization of security threats, driven by the easy availability of malicious software (malware) and infrastructure (via the underground economy) that can be used to launch advanced targeted attacks,” said Lawrence Pingree, Gartner research director. “This has led to increased awareness among organizations that would have traditionally treated security as an IT function and a cost center,” he added.

Author: Terry KS

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