London -- Companies that outsource their IT systems are increasing their potential vulnerability to security breaches causing possible long term damage to their business, according to London-based insurer ACE European Group Ltd. (ACE).ACE has uncovered a lack of awareness among many European businesses of the increasing risks that outsourcing poses to their networks. ACE is also aware that there is a degree of uncertainty among many businesses, both as to the level of protection given to their computer systems and the cover provided by their existing insurance policies.

"Outsourcing presents an additional challenge to the security of IT systems," says Shaun Cooper, ACE's senior network risk underwriter. "Outsourcing systems does not mean outsourcing the responsibilities for maintaining security. Businesses are not only dealing with their own employees but with those of a third party, often in another country."

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