Companies are investing in IT security to satisfy legal requirements, rather than to counter potential threats, according to a new study. A poll of corporate executives published on Monday found that companies are increasing spending on security to satisfy legislation — not necessarily because their chief executive have seen the light. The study of 7,500 senior information technology executives found that 62 percent of companies will increase security spending in 2003, compared with 50 percent in 2002. The top reason for the increase in funding security programs was to satisfy legislation such as the Sarbanes-Oxley Act, which holds executives accountable for their company’s disclosures. Full Story
About OODA Analyst
OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.