Security Spending: Part I, the Bottomless Pit

Today, we are honoured with the first of two guest posts in a series by Ted Lloyd, editor of OnlineCISO. Cybercrime has emerged as a multi-billion dollar business and spawned another mufti-billion dollar business to combat it. As 2014 closed, Gartner estimates that global spending on information security will top $71 billion representing a nearly 8% increase in spending over 2013. The trend and trajectory are expected to remain steady for 2015 as well.