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Spring Journal

Volume 30, Issue 1

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Tuesday, 03 September 2013 15:24

IT security critically underfinanced, study finds

IT security is critically underfinanced by business, a global study has revealed.

Some 60% of IT decision-makers say there is insufficient time and money available to develop IT security policies, according to Kaspersky Lab’s Global Corporate IT Security Risks 2013 survey.

As a result, barely half of the companies surveyed feel that they have highly organised, systematic processes to deal with IT threats, the survey found.

The situation is especially poor in the education sector, where only 28% of organisations are confident they have sufficient investment in IT security policies.

But of even greater concern, only 34% of the government and defence organisations surveyed said they have enough time and resources to develop IT security policies.