The adoption of technologies such as cloud computing, social networking and mobile computing devices has increased the level of risk that companies face, according to the almost 1,600 organizations that participated in Ernst & Young's annual information security survey. That perception of increased risk is driving spending, with 46% of the companies saying they are investing more in information security, and 55% planning to spend more on information security related to their top five IT risks.

The two most popular targets for increased IT spending are data leakage and loss prevention technologies, and business continuity plans, both cited by 50% of the respondents. Forty-eight percent of the companies plan to spend more on identity and access management technologies, and 44% say they plan to spend more on securing new technologies.