Organizations that have reached a high level of IT security practice maturity can safely reduce spending to between 3 percent and 4 percent of the IT budget by 2008, according to research firm Gartner.By contrast, organizations that are inefficient or have historically underinvested in security may spend upward of 8 percent of their IT budget on security. This means that many organizations will still be investing aggressively for the next few years.Rich Mogull, research vice president and conference chairman of the Gartner IT Security Summit that starts in Sydney Tuesday, said there are now solutions to most information security problems.“It’s just a matter of implementing the technology efficiently and effectively so resources can be focused on new threats,” Mogull said. “While information security has become a highly specialized branch of IT, commodity security functions are often being returned to IT operations.“Organizations that are still impacted by everyday, routine threats must ramp up and become more mature in their approach.” Mogull said the message isn’t about more security, but more security process.“Security now has executive attention, and we need to treat it like a business issue, not just a technology problem,” he added.Also this week, Gartner released its updated hype cycle for information security technologies, designed to help executives make decisions about how to allocate their security budgets.It shows technologies such as spam filtering and Web services security standards moving rapidly toward broad acceptance, while the widespread adoption of biometrics remains more than 10 years away.“Aside from the age-old need to ‘keep the bad guys out’, compliance with government and industry regulations is now playing a significant role in security spending decisions,” Mogull said.“In deciding when to adopt a new security technology, timing is crucial. Invest too soon and you risk the pain and expense of an immature technology; invest too slowly and you risk being left behind and leaving your organization vulnerable.” Mogull also said that functional convergence in security products is occurring.For example, host firewalls, antivirus, antispam and basic host intrusion prevention are combining into single, desktop agents.In the future, this will make security less complex, he said.By Sandra Rossi, Computerworld Today (Australia) Keep checking in at our Security Feed for updated news coverage. Related content news Gitlab fixes bug that exploited internal policies to trigger hostile pipelines It was possible for an attacker to run pipelines as an arbitrary user via scheduled security scan policies. By Shweta Sharma Sep 21, 2023 3 mins Vulnerabilities Security feature Key findings from the CISA 2022 Top Routinely Exploited Vulnerabilities report CISA’s recommendations for vendors, developers, and end-users promote a more secure software ecosystem. By Chris Hughes Sep 21, 2023 8 mins Zero Trust Threat and Vulnerability Management Security Practices news Insider risks are getting increasingly costly The cost of cybersecurity threats caused by organization insiders rose over the course of 2023, according to a new report from the Ponemon Institute and DTEX Systems. By Jon Gold Sep 20, 2023 3 mins Budget Data and Information Security news US cyber insurance claims spike amid ransomware, funds transfer fraud, BEC attacks Cyber insurance claims frequency increased by 12% in the first half of 2023 while claims severity increased by 42% with an average loss amount of more than $115,000. By Michael Hill Sep 20, 2023 3 mins Insurance Industry Risk Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe