British companies spent more on IT security including firewall products last year, according to a new report published by Key Note.
The analyst’s document, seen by CRN ChannelWeb, found that £6.5 billion was invested in this area during 2013, an eight per cent growth on the previous year.
Interestingly, internal expenditure totalled £1.86 billion, but the lion’s share of £4.64 billion went on external expenditure, suggesting firms are admitting their shortcomings and seeking help in a bid to prevent cyber attacks and avoid having to use their data recovery plans.
Much of the money was spent on putting firewalls in place, but identity management, access control, anti-virus software and content security were all other popular areas, as were vulnerability assessments and threat management, something disaster recovery service providers can offer help on.
“With the threat of cyber-attacks rising in recent years – particularly given the recurrence of high-profile online data loss incidents among major companies – the IT security market remains one of the fastest-growing sectors within the IT and technology industries,” a Key Note statement said.
It comes after chief security officer at Fujitsu UK and Ireland David Robinson told Information Age he thinks too many firms are taking cyber security for granted and only putting plans in place after breaches have occurred.
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