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Monday, July 26, 2004

Security Beats Holding Down Costs In IT Concerns

Security has surpassed cost-control and cost-containment in topping the list of challenges for information technology units, a market researcher said recently.

A survey earlier this year of 933 U.S. and Canadian companies found that more than three quarters of the respondents rated security as an “extremely or very significant” concern or IT challenge for their organizations, International Data Corp. said.

“Our latest survey findings indicate that IT spending on security and business continuity has increased at 59 percent of organizations in the last 12 months,” IDC analyst Lucie Draper said in a statement.  We believe that despite the economic environment, and in some cases because of the geopolitical environment, the prospects for vendors of security technologies are good.”

Other findings included that corporate compliance and government regulations related to security and privacy remained of particular concern to the banking and the healthcare services industries.

Posted on 07/26