Security spending set to soar following unprecendented success of next-generation worms. IT directors are being forced to spend more of their IT budgets on security as a result of the recent virus plague spearheaded by Blaster and SoBig. According to market watcher IDC, the devastating impact of these virus attacks is fuelling security spending, a trend that will continue over the next five years to create a market worth $4.4bn. “The recent onslaught of viruses and worms such as Blaster, Nachi, and SoBig highlights the need for antivirus products and, more importantly, the need to update services,” said Brian Burke, research manager at IDC’s security products service. IDC added that consumers are looking for subscription-based services, having learned from the corporate experience that antivirus software is only as good as its last update. “Consumers and small businesses are finally recognising that antivirus software is more of a service than a product,” said Chris Christiansen, vice president at IDC’s security products service. Full Story
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