As in almost every industry, executives in the retail & consumer (R&C) industry are cutting costs, laying off personnel, and reconsidering spending priorities. These actions are taking place across the enterprise and across all functions – including information security and privacy. Or so we thought it safe to assume before the results of the 2010 Global State of Information Security Survey emerged.
What the survey reveals is surprising. Security budgets appear to be less vulnerable to cost-cutting – as if executives were protecting them. Yet responses also reveal that security investments are under enormous pressure to “perform”.