Worldwide Technology Security Spending to Reach $71B in 2014
Global spending on security products and services for information technology is expected to reach $71 billion by 2014. The increase is linked to the rise of hacker activist groups like LulzSec, which attack companies to express an ideology.
Today, global spending on security products totals $55 billion, USA Today reports. Security companies are striving to make buyers aware of new hardware and software, as well as the potential repercussions of a data breach.
LulzSec, which has now ceased operations, disrupted Web sites and stole data from companies such as Sony, PBS, Fox and Nintendo, as well as agencies like the FBI and CIA.
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