Security spending to peak within three years

Thursday, 17 June 2004, 11:40 AM EST

Average IT security investment will peak at between eight and 12 per cent of corporate technology budgets in Europe by 2007, new research has claimed.

According to analyst Meta, spending will continue to increase steadily from current levels of around four per cent of overall IT budgets.

But the firm said that European businesses are not matching the US on spending, which it attributes to less attention regarding compliance issues and cyber-crime.

By Robert Jaques at vnunet.

[ Read more ]




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