[July 26, 2011] Research and Markets: IT Security Market Report 2011 Security attacks no longer motivated by money but have a political motivation Tweet (M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (http://www.researchandmarkets.com/research/384355/it_security_market) has announced the addition of the "IT Security Market Report 2011" report to their offering. In 2010, the UK IT security market grew by 10.5% to be worth 5.28bn. This large amount of growth is parallel to the growth of the IT industry, as more people are using tablet, laptop and desktop computers. The market has been subject to a large amount of growth since 2006, and a stunt in growth was minimal despite the global recession. IT security is becoming an ever bigger problem for large businesses. In 2008, 72% of large businesses reported a security incident. However, this figure skyrocketed to 92% in 2010, according to the Information Security Breaches Survey 2010, published by PricewaterhouseCoopers. This large increase over 2 years shows that the demand for IT security can only rise in the coming years, as companies are faced with the bleak prospect of having to clear the aftermath of an IT security breach. In February 2011, the Office of Cyber Security and Information Assurance announced that cyber crime is costing the UK economy 27bn a year. This figure far exceeds the value of the IT security market and proves that companies are more likely to save money if they invest in their IT security infrastructure. The IT security market needs to emphasise the destruction that is caused by IT security breaches and emphasise the absolutely necessity for companies to invest in an excellent IT security system. A worrying development for companies across the UK is that many IT security attacks are no longer motivated by money but have a political motivation. This type of security attack can be embarrassing, because it is usually in the public domain and can easily damage a brand or company's reputation. Decentralised groups of hackers such as Anonymous have targeted companies that have angered them through their actions, such as Sony coming under attack for suing George Hotz, a hacker. Read more inside IT Security Market Report 2011 Companies Mentioned: - Accenture (UK) Ltd - Cisco Systems Ltd - CSC Computer Sciences Ltd - IBM United Kingdom Ltd - Integralis Ltd - McAfee International Ltd - Sophos Ltd - SunGard UK Holdings Ltd - Symantec (UK) Ltd For more information visit http://www.researchandmarkets.com/research/384355/it_security_market CONTACT: Research and Markets Laura Wood, Senior Manager, [email protected] U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). (c) 2011 M2 COMMUNICATIONS [ Back To TMCnet.com's Homepage ]