Report: Companies more concerned by other major risks than security flaws

Tuesday, May 25, 2010

With more companies outsourcing some aspect of their technology sector, security risks have become less of an issue for businesses, Network World reports.

The research, compiled by professional services firm BDO from the 100 largest U.S. public technology companies, found that security risks in various forms were cited by 55 percent of those polled as a potential widespread concern, placing it 16th on the list. Technology breaches and theft were mentioned by 44 percent of respondents, placing them 23rd on the list.

The concern that garnered the highest jump in responses from last year's poll was executing corporate strategies, increasing by 41 percent. This, in a way, shows that companies are becoming more concerned with overall corporate issues and less about their security departments.

With IT spending expected to increase by more than 4 percent during 2010, as Gartner reports, companies have found better solutions for potential security issues - using third-party companies for managed networks being one of them.

In another report, Gartner found that 85 percent of companies plan to increase their outsourcing during 2010, which shows that companies are relying more on third parties for IT help - this allows them to focus on other potential growing concerns.