Escalating threats of hacking and viruses prompt explosive growth, says IDC. Spending on security and business continuity will grow at twice the rate of other IT categories to reach $116bn by 2007.. . .
Escalating threats of hacking and viruses prompt explosive growth, says IDC. Spending on security and business continuity will grow at twice the rate of other IT categories to reach $116bn by 2007.

This explosive growth, predicted by IDC in its Worldwide IT Security and Business Continuity Forecast 2002-2007, is the result of ongoing threats from hackers, viruses and worms.

"Corporate spending on security and business continuity has been held back by two factors: uncertainty about the severity of risk posed by security threats; and ongoing budget austerity," said John Gantz, chief research officer and senior vice president at IDC.

"However, any scepticism about the potential consequences of a security breach is fading fast as enterprises seek to improve their ability to manage organisational risk."

Around 400 of the 1,000 IT managers surveyed by the analyst in July rated security as their highest priority.

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