Banks to spend more on IT security, survey says

Tuesday, 21 June 2005, 11:14 AM EST

Investment in security has topped the banking sector's IT spending priority list for 2005, a study by the Info-Tech Research Group revealed.

The 2005 IT Budget and Staffing Report surveyed more than 1,400 IT decision-makers across various industry sectors including finance, manufacturing, government, agriculture, health and professional services. Eighty-nine per cent of banks surveyed were based in the U.S.

By Mari-Len De Guzman at Computerworld.

[ Read more ]




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