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. The link for this article located at vnunet is no longer available. . Gartner forecasts a surge in cybersecurity investments fueled by increasing cyberattacks and malware incidents. Organizations focus on safeguarding their assets.. Security Spending Trends, IT Security Growth, Hacking Threats, Business Continuity Investments. . LinuxSecurity.com Team
Web server attacks have doubled over the course of the last year, despite increased spending on security. That's the main conclusion of a survey of more than 2,500 organisations, sponsored by security firms TruSecure and Predictive Systems. The survey found that . . . . Web server attacks have doubled over the course of the last year, despite increased spending on security. That's the main conclusion of a survey of more than 2,500 organisations, sponsored by security firms TruSecure and Predictive Systems. The survey found that almost half those quizzed (48 per cent) had suffered a Web server attack in 2001, against 24 per cent in 2000. Viruses, worms, Trojans and other malware infected 90 percent of the respondents to the survey, even though 88 percent of those companies already had antivirus protection in place (which doesn't say a lot for AV software, but we digress). Although security spending continues to grow, the survey threw up the interesting finding that a third of surveyed companies froze spending during the course of this year due to the general economic malaise we're all living through. . In spite of increased expenditure on cybersecurity, incidents targeting web servers surged twofold last year, underscoring significant vulnerabilities for businesses.. Web Server Attacks, Cybersecurity Trends, Malware Increase, Security Spending Challenges. . LinuxSecurity.com Team
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