News
TheInfoPro's Latest Study Shows that 70% of the Fortune 1000 are Increasing Their Information Security Budgets Because of Regulatory Compliance Issues
NEW YORK-(Business Wire)-March 13, 2007 - TheInfoPro (TIP, www.theinfopro.net) has released the Time Series report from Wave 8 of their Information Security Study based on 147 hour-long interviews with pre-screened security decision makers from Fortune 1000 enterprises.
"Since Wave 7 of our Information Security study, published in the summer of 2006, we have seen an additional 24% of the sample cite Information Security budget increase based on compliance and regularity issues. Current overall compliance budget increases now exist in 70% of the Fortune 1000 sized organizations that TIP interviews. It is rare to see such a large influencer in the Information Security marketplace," states Bill Trussell, Managing Director of TIP's Security Sector. "In tandem with the budget increases we have also seen a 50% increase from our previous Wave in the number of organizations citing Regulatory and Compliance projects among their top two security initiatives."
To view a rich media presentation of findings visit:
http://www.brainshark.com/theinfopro/Changes_in_Compliance.
"A hallmark of TIP's research methodology is that we conduct our studies in six month intervals or "Waves" notes Frank Coloccia, TIP's Chief Research Officer. "We have been investigating the Information Security market since 2002 to diligently track the changes in budgets, vendor performance, and technology roadmaps of the Fortune 1000. Security pros, technology investors, and vendors leverage this intelligence to better understand this dynamic and fast growing market," adds Coloccia.
According to TIP's Wave 8 Information Security Study, over three quarters of Fortune 1000 Information Security professionals are implementing processes and automated systems to address legal or regulatory compliance issues in their enterprises as new regulations emphasize the need for enhanced protection of data entrusted to organizations by their customers.
Companies including Symantec, Archer Technologies, McAfee, CA, ArcSight, and Oracle are short listed for enterprise solutions automating the process of monitoring and reporting compliance with various audit standards.
TIP's Wave 8 Information Security Study details technology adoption trends and timeframes, management techniques and trends, and includes vendor performance data as well as management strategies for the Information Security sector.
Additional companies covered in the Wave 8 Information Security Study include Cisco, Check Point, Juniper, PGP, 3Com, IBM, Qualys, Blue Coat, Microsoft, and Websense, Novell, EMC, among many others.
About TheInfoPro (TIP)
TheInfoPro (TIP) is the only independent research network for the Information Technology (IT) industry. Through a peer network of over 900 of the world's largest buyers and users of IT including Citigroup, FedEx, McGraw-Hill, MasterCard, Pfizer, Vodafone, PepsiCo, JPMorgan Chase, and Harvard University, TIP delivers detailed budget, vendor performance and technology roadmap data without spin or bias. Known as the "voice of the customer," TIP helps IT professionals, technology providers, and institutional investors make sound decisions on technologies, vendor relationships and investments. Founded in 2002 by alumni of Gartner, Giga, EMC and Bell Labs, TIP is headquartered in New York City with offices in San Francisco, Chicago, Boston, and India. To learn more visit www.theinfopro.net or call 1-212-672-0010.
