Cost cutting in businesses affects security

News by SC Staff

Security professionals are feeling the pinch, as businesses cut back on spending.

Security professionals are feeling the pinch, as businesses cut back on spending.

According to a survey of 119 organisations by Tufin, companies are making cost savings at the expense of IT security. It found that 48 per cent of businesses focus their efforts on reducing expenditure at the expense of security, while 27 per cent of IT security experts said that the IT security budget is being spent on compliance issues that do not improve security.

Shaul Efraim, Tufin's vice president of marketing and business development, said he felt that these findings were concerning, as they show that the effects of the current economic environment are starting to reshape the way that IT security is deployed within organisations.

“From an audit and governance perspective, this is potentially bad news, as it means that the normal efficient business and management processes are being subverted by financial cuts. This cannot be good for any organisation over time,” he said.

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