Richard Stiennon, Forbes contributor makes a stunning prediction. He claims that most organizations have woefully underspent for IT Security and now that governments around the world have commandeered the Internet, effective creating a surveillance state, the $60 billion IT Security industry is going to explode. Why? Because organizations are going to spend to counter their networks and communications being monitored.
He said: "Look at the numbers. The very best IT organizations report spending 6-8% of their budget on security. That is going to have to double in the short term to counter the threat of the surveillance state, just to account for the deployment and management of encryption everywhere. Telecom costs will rise dramatically to pay for the new infrastructure to obfuscate traffic. Those are the thought leading enterprises. All the rest have to play catch up. Gartner sizes the entire IT spend at $3.3 trillion and security infrastructure spending at $60 billion in 2012 with an 8.4% growth rate. In order to counter the surveillance state that growth rate will need to quadruple to 24%. Extrapolated to ten years IT security spending will be $639 billion by 2023 – a tenfold increase."
Here is a link to his post, a great article to send up the flagpole with a request for budget.
