Western European companies are spending significantly more to protect against cyberattacks as "denial-of-service" cases mount, analysts said this week.
Spending on network security vendors by the region's organizations jumped 9.7 percent in the final quarter of 2011 compared with the year earlier figure, the Reading, England, computer industry market analysts Canalys reported Monday.
The growth figures came as high-profile distributed denial-of-service attacks by "hactivist" groups such as Anonymous and Lulz Security have grabbed headlines this month, exposing weaknesses in the cybersecurity of Web sites run by the Vatican, Visa, Mastercard, eBay and others.
Showing even stronger growth in network security spending were Russia and emerging markets in Central and Eastern Europe, which posted an impressive 14.9 percent gain, said Canalys analyst Nushin Hernandez.
"Organizations are investing to protect against the rise in denial-of service attacks," he said.
Read more: http://www.upi.com/Top_News/Special/2012/03/15/Computer-security-spending-up-in-Europe/UPI-46941331807400/#ixzz1pBbNgQiy
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