IT Security: Threats a Concern

Companies are as concerned this year as they were last year about security threats, as evidenced by the amount of their IT spending devoted to security and how that money is allocated, according to a survey conducted Deloitte Touche Tohmatsu, New York. The 2005 Global Security Survey, which covered the areas of governance, investment, value, risk, use of security technologies, quality of operations and privacy, queried all major financial sectors, including insurance.Overall, U.S. companies are allocating more of their IT budget for security than their Canadian counterparts. And while more than 98% of the respondents report deploying anti-virus technology to combat external threats, the percentage of survey respondents that have invested in technology for internal threats dropped.