http://www.internetweek.com/story/INW20010612S0001 By Mary Mosquera InternetWeek Jun 12, 2001 Businesses spend very little on information security now but will dramatically increase that over the next 10 years, research group Gartner Inc. said Monday. Information security outlays will accelerate as companies intensify their Internet presence and at the same time experience more Internet-based breaches. Only 0.4 percent of a company's revenue, on average, is dedicated to information security in the United States. By 2011, however, that figure will accelerate tenfold to 4 percent of revenue for U.S. companies, according to Gartner's Total Cost of Ownership Model for Information Security. "Enterprises will save a lot of money and headaches if they address their total security plans now," said Roberta Witty, Gartner research director. Gartner's models map the numerous components that comprise the cost of purchasing, owning and operating technology over the course of several years or over the life of the technology. Information security expenditures include costs for people, hardware, software, external services and physical security for all information security activities within an enterprise. "While e-mail viruses and international espionage steal the media limelight, the palette of security issues spans every business process, application and desktop," Witty said. Responsible security practices begin with business planning and carry through to the technology purchasing, implementation and improvement stages, she said. "After all, there's no sense investing in locks if you've built your house out of paper,'' Witty said. By 2004, 80 percent of enterprises will be using the Internet as an integral part of their business processes. Half will experience a financially significant loss due to Internet-borne incidents by that time, Gartner said. ISN is hosted by SecurityFocus.com --- To unsubscribe email isn-unsubscribeat_private
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