facebook
twitter
rss
account
search
search
 

Report: Global spending on data security to top $70 billion

The report from Gartner Inc. says security of mobile devices will become a priority.
By Ed Adamczyk   |   Aug. 22, 2014 at 11:03 AM   |   Comments

| License Photo
STAMFORD, Conn., Aug. 22 (UPI) -- A report by a technology research firm says global spending on information security will reach $71.1 billion in 2014.

The estimated figure from U.S.-based Gartner Inc. is a 7.9 percent increase over last year's spending, and reflects new methods of combating cybercrime.

Easy access to malware and other malevolent technology has accelerated the pace of crimes committed by computer, as well as defenses against them. There has also been an increased awareness of the value of security in firms that "have traditionally treated security as an IT (information technology) function and a cost center," said Gartner research director Lawrence Pingree.

The report predicts security of mobile devices will become a consumer priority, and that by 2018, over half the world's businesses and organizations will use security service firms. It comes after the United States' second-largest hospital chain, Community Health Systems Inc., reported a cyberattack leading to the theft of data of 4.5 million patients. The data breached was traced to Chinese hackers.

Follow @adamczyk_ed and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Texas driver allegedly kills girlfriend while in middle of a sex act Texas driver allegedly kills girlfriend while in middle of a sex act
2
John Wayne Gacy room at Rob Zombie's haunted house angers victims John Wayne Gacy room at Rob Zombie's haunted house angers victims
3
Pakistani leader intimately connected to IS Pakistani leader intimately connected to IS
4
Korean NGOs call for social consensus on unification issue
5
Boston Herald apologizes for 'racist' Obama cartoon Boston Herald apologizes for 'racist' Obama cartoon
Trending News
x
Feedback