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New technologies pose challenge for information security

Increased risks seen boosting IT investment

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The adoption of technologies such as cloud computing, social networking and mobile computing devices has increased the level of risk that companies face, according to the almost 1,600 organizations that participated in Ernst & Young’s annual information security survey. That perception of increased risk is driving spending, with 46% of the companies saying they are investing more in information security, and 55% planning to spend more on information security related to their top five IT risks.

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