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New Research Shows Cloud Workload Security is the Top Budget Priority for 2019Threat Stack, the leader in cloud infrastructure security, today announced the findings of The 2018 State of Security Budgeting report. This new survey indicates that a majority of companies (54 percent) are worried that they will soon outgrow their security solutions. While budgets are expected to increase by 19 percent over the next two years, organizations are struggling with a disconnect between Security and DevOps and are facing difficulties in determining where to allocate this budget in the face of rapidly evolving infrastructure. With less than half of their infrastructure remaining on-premise (41 percent), businesses are increasingly making significant migrations to infrastructure-as-a-service (IaaS) (25 percent), platform-as-a-service (PaaS) (17 percent), and containers (10 percent). This is one of the primary reasons why respondents indicated that their top two budget investments in 2019 will be directed at cloud workload security and intrusion detection systems (IDS).
Friction Between Security and DevOps Teams
A significant portion (29 percent) of respondents believe that their organization prioritizes releasing code that "works" over code that is secure. Security teams are carrying their own organizational baggage as well. Almost three-quarters of respondents (74 percent) agreed that the security team is under pressure to keep pace with development and operations, and 63 percent believe their security team slows down the speed of their business.
Short-Tem IT and Security Approaches Impede Long-Term Scalability
Security Budget Growth Having Limited Impact
As a result, despite organizations devoting additional resources to security, 32 percent believe their cloud security processes need significant improvements. "Budget constraints are a constant challenge for security teams," said Jonaki Egenolf, Chief Marketing Officer, Threat Stack. "Through the Threat Stack Cloud SecOps Program, we work directly with customers to alleviate some of that pressure by augmenting short-staffed security teams and helping to maximize the value of cloud security investments. There is no one-size fits all answer to cloud security, which is why we provide specific, customized, and actionable recommendations designed to decrease risk without slowing down the speed of their business." The research was conducted by Vanson Bourne. The findings encompass feedback from more than 300 security, IT, and compliance decision makers at a variety of organizations, from enterprise to startup, across several different industries including healthcare, retail, financial services, and more. Additional Resources:
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