Compliance demands drive security spending

Tuesday, 30 September 2003, 3:52 PM EST

poll of corporate executives published on Monday found that companies are increasing spending on security to satisfy legislation -- not necessarily because their chief executive have seen the light.

The study of 7,500 senior information technology executives found that 62 percent of companies will increase security spending in 2003, compared with 50 percent in 2002. The top reason for the increase in funding security programs was to satisfy legislation such as the Sarbanes-Oxley Act, which holds executives accountable for their company's disclosures.

"Sarbanes has had an impact; there is no doubt about it," said Joe Duffy, lead partner of accounting firm PricewaterhouseCoopers' Security & Privacy Solutions practice. Duffy believes that executives want greater assurances from their IT departments that their systems are secure and can be audited.

[ Read more ]




Spotlight

Internet Explorer vulnerabilities increase 100%

Posted on 23 July 2014.  |  Bromium Labs research determined that Internet Explorer vulnerabilities have increased more than 100 percent since 2013, surpassing Java and Flash vulnerabilities.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Wed, Jul 23rd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //