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IT decision makers 'to increase security spending'

Three in five IT decision makers plan to increase their spending on computer security over the next year, a new report has revealed.

A study of IT professionals in the US, UK, France, Italy, Germany, China, Australia and Brazil has found that many are concerned over their computer security.

Some of them admitted concern that if their IT systems were compromised by online threats then it would have negative financial repercussions.

John N Stewart, Cisco's chief security officer, remarked that malware such as viruses has caused the most damage in countries with high internet adoption.

He suggested that businesses must protect themselves from security risks by using firewalls and data protection technologies.

"The challenge is how to minimise other costs that could have been prevented through sustained education of employees, such as managing malware outbreaks and data theft," Mr Stewart added.

British government advice resource Business Link warns firms that the impact of a security breach through their IT systems could be seriously grave and potentially damage a firm's reputation as well as affect their cash flow.

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