Fear drives Net-security spend

Can Europe afford it?

High profile Net-related security breaches - such as Microsoft getting ha-ha-ha-ha-hacked - will help educate people about the problems of online security.

Furthermore, ever-increasing media coverage of such events - regardless of how hysterical or headline grabbing - will also help "change the lax attitudes amongst [Net security] purchasers".

The result is that more and more people, in Europe at least, will out megaeuros for Net security in a bid to let them sleep safely at night, according to a report out today by consultants Frost & Sullivan.

It claims the fear of cybercrime fear will help increase IT security revenue in Europe from $465 million today to a whopping $5.3 billion in 2006.

Crikey. ®

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