Security spending to reach $60bn in 2011 as firms prepare for attacks

[InfoSec News <alerts () infosecnews org>]

http://www.v3.co.uk/v3-uk/news/2129136/security-spending-rises-wake-profile-attacks

By Shaun Nichols & Dan Worth
V3.co.uk
01 Dec 2011

Cyber security spending will reach $60bn in 2011 as businesses across 
the globe look to protect themselves from ever-increasing online 
threats, according to a study from consultancy PwC.

The company said in its Security Mergers and Acquisitions report that 
increased demand for enterprise security products will push the value of 
security firms up and could lead to larger, more lucrative merger deals 
in the coming years.

The value of security mergers and acquisitions has passed $22bn since 
2008, and the first half of 2011 accounted for 37 deals with a combined 
value of £10bn alone.

The report reveals that the UK is the world's third largest market for 
security spending, behind the US and Japan. Overall, PwC estimates that 
businesses spent some $60bn on security products and services last year.

[...]

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