UK businesses are expected to spend more than £3 billion on IT security, a new report released by PricewaterhouseCoopers (PwC) claims.
The company said that businesses were concerned over the security shortcomings of cloud computing, the use of mobile phones at work places and the increase in cyber-attacks and were increasing their spending for protecting themselves against these threats.
According to the PwC, the total amount of mergers and acquisitions in the security market topped £22 billion in the last three years alone. In the first half of 2011, 37 acquisitions had been made, worth more than £10 billion.
Read more: http://www.itproportal.com/2011/12/05/uk-firms-it-security-spending-tops-3-billion-2011/#ixzz1feXg6zRG
I'm not a hacker or even a genius with a PC, merely interested in the 'growth industry' of cyber, or information, security and will share any stories and news items I find on the subject.
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