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Capgemini IT: GROWTH ACCELERATOR

IT trends spotted and checked by experts

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Staying ahead of data thieves is becoming increasingly expensive


19 Sep, 2016 09:55 am

Enterprise spending on security software has increased rapidly amid more sophisticated and widespread attacks. Even to maintain a minimum level of security, companies are having to increase IT investments drastically.


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According to Gartner, companies in the private sector worldwide increased their spending on IT security software by $75 billion last year. This is expected to go up by 7 percent annually.

Existing security software is often ineffective against a surge in new threats, such as ransomware (when organizations are locked out of accessing their data until they pay a ransom) or viruses that can outsmart traditional signature-based antivirus (AV) programmes. 

"Companies are worse off by 100 percent [with cybersecurity] compared to 10 years ago because the world is more complicated now," Avivah Litan, a Gartner analyst, said.
TAKEAWAY TREND
Increased security spending is often necessary as more advanced software is required for protection against more sophisticated attacks. 
Explore the Trend:  Cybersecurity: How can we fight against new threats? 
Read more on CIO
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