RealNews

Spam and Virus Havoc Drive Security Spending

At least somebody’s profiting from it… The universal problems of spam email and viruses mean companies that specialise in software, hardware and services for the security industry could see stronger growth this year than counterparts in other technology fields, according to speakers at this week’s RSA Conference 2003 in San Francisco. Some predictions put growth in the security sector at between five and 20 per cent for 2003 and 2004. Much of the increase will be spent by September, the month when annual US government technology budgets get used up. Government expenditure on IT security has increased dramatically in the US during the past couple of years of political unrest, with the threat of cyber terrorism and a need for increased security at the forefront of government thinking. Consultants and IT professionals could reap a substantial portion of the budget increase as nearly 80 per cent of the new funds revolve around hiring people to implement these systems. Full Story

OODA Analyst

OODA Analyst

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