Tech companies to spend 1% to 5% of revenue on security

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How much of a technology company's revenue goes toward security initiatives?

A new KPMG survey asked 111 executives of U.S. technology companies to weigh in on security spending at their companies, according to a report by The Wall Street Journal.

The majority of respondents, 75 percent, believe their companies will spend between 1 and 5 percent of revenue on security. Only 65 percent of respondents thought their companies would spend that amount last year.

The spending may be directed at new security technology, but it seems the majority of spending will go toward paying security talent. Security chiefs in industries such as healthcare and banking are being paid upwards of $1 million, according to the report.

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