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Cyber Crimes Continue to Plague Businesses and Keep Security Software Spending High

9:56 AM MDT | June 20, 2007 | Esther D’Amico

Companies are expected to continue to make substantial investments in security and information protection software as information technology (IT) systems remain vulnerable to cyber crime, say several reports on the IT sector. Virus attacks, in particular, are among the leading and most costly cyber crimes for corporations, they say. Widespread use of the Internet, the 2001 terrorists attacks in the U.S., and the 2003 power outages in Canada and the U.S. have all contributed to growing awareness of IT systems vulnerability, says a new report from S&P (New...

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