Article posted: Mar 30, 2016

We've released the findings from our first annual Versasec Security Survey, which polled IT security professionals around the globe on their security concerns and spending habits for 2016. Lots of SMEs participated, with nearly 75 percent of the respondents saying they work for companies with fewer than 1,000 employees.

Some of the most interesting results from participants included the following:

  1. Mobility is daunting: 43 percent of respondents from companies of all sizes cited mobility as the technology that poses the greatest security concern for them. Other concerns include cloud usage (32 percent) and external devices/BYOD implementations (22 percent).
  2. Network security is a key focus: Survey respondents said network security, at 74 percent, was where they are focusing their security efforts this year. Other key areas for investments in security include physical security (43 percent), two-factor identification (41 percent), and cybersecurity (37 percent).
  3. Heavy reliance on simple security: The vast majority of respondents (86 percent) say username and password are a primary method for authenticating access to their company's data, despite the very public breaches faced by many companies over the last few years. Physical smart cards are in use at slightly more than half the companies (54 percent).
  4. Budgets are not security focused: Slightly more than 40 percent of those surveyed said their companies have committed just 0 percent to 10 percent of their IT budget on security for 2016. Approximately 36 percent said security spending this year would consume between 10 percent and 25 percent of their budget.

The survey posed more than 10 questions, and plenty of eye-opening stats were revealed. Read the full survey results press release here: https://versasec.com/docs/2016.03.30_Security_Survey.pdf.

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