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.
Related Articles:
- How the HITECH Act May Affect Your Healthcare Facility
- 43% of IT Executives Reported Cloud Service Breaches Last Year
- Data Breach Prevention: 13 Best Practices You Should Implement
- Data Breaches Cost Hospitals $6 Billion Per Year
If you appreciated this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Leading in Turbulent Times: Effective Campus Public Safety Leadership for the 21st Century
This new webcast will discuss how campus public safety leaders can effectively incorporate Clery Act, Title IX, customer service, “helicopter” parents, emergency notification, town-gown relationships, brand management, Greek Life, student recruitment, faculty, and more into their roles and develop the necessary skills to successfully lead their departments. Register today to attend this free webcast!
