Fergie's Tech Blog

China's Security Syndrome

Larry Greenemeier writes on InformationWeek:

Chinese businesses have a lot of catching up to do, which might explain why the average percentage of IT budget spent on information security is a whopping 19% in China, as compared to 12% in the U.S. "That's quite an astonishing figure," MacWillson says, adding that the Chinese companies who responded to the survey clearly understand that China is far behind in terms of IT security and are spending to catch up to where they need to be.

This is likely to continue to change as the country's companies seek to do more business internationally. Bank of China, for example, "wants to adopt international standards across everything they do, so they need to adopt the control features of a Western bank," MacWillson says. Chinese businesses are already seeing the effects of this move into mainstream global markets, as 32% of Chinese respondents report having been the victim of a publicized data breach or data loss within the past 12 months, as compared with 6% of U.S. respondents.

posted by Fergie @ 7/19/2007 01:24:00 PM