The global state of information security 2006
Results from the world’s largest information security study are in. This year, responses to PricewaterhouseCoopers’ and CIO magazine’s Global State of Information Security study reveal that energy and utility companies worldwide are spending 12.9% of their IT budgets on information security—more than they spent in 2004 (8.4%) but considerably less than what companies in other industries are currently investing (17.3%).
Despite this spending gap, energy and utility companies appear to be doing a better job of building up their security programs, at least on a capability-specific basis. But survey responses also reveal critical deficiencies in addressing security, compliance, and privacy from a strategic approach.
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