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


By Shaun Nichols & Dan Worth
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 Â10bn 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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