GEC NEWS WIREEnterprises are transforming their security spending strategy in 2017, moving away from prevention-only approaches to focus more on detection and response, according to Gartner, Inc. Worldwide spending on information security is expected to reach $90 billion in 2017, an increase of 7.6 percent over 2016 and to top $113 billion by 2020. Spending on enhancing detection and response capabilities is expected to be a key priority for security buyers through 2020.
“The shift to detection and response approaches spans people, process and technology elements and will drive a majority of security market growth over the next five years,” said Sid Deshpande, principal research analyst at Gartner.
As enterprises shift toward balancing prevention with newer detection and response approaches, CISOs are changing how they measure the success of their security strategy. All security investments are being measured on how they contribute to the shift in mindset. Even preventive security controls, such as EPP, firewalls, application security and intrusion prevention systems, are being tweaked to provide more intelligence into security operations, analytics and reporting platforms.
“CISOs are keen to communicate the return on investment of their security strategy in terms of the business value associated with quick damage limitation, in addition to threat prevention and blocking,” said Lawrence Pingree, research director at Gartner.
