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Expect more malware, unwelcome email, and social engineering threats this season. Data will continue to be the primary motive for future cybercrime, according to a 2009 forecast from researchers at Georgia Tech. Analyst firm IDC has updated its July 2007 security solutions market forecast, predicting the industry is set to surpass US$1.6 billion by 2011 instead of just reaching it. Security vendors have warned of an increase in cybercrime during the holiday season. A dismal earnings forecast this week from intrusion prevention maker Sourcefire underscores some of the challenges facing public IT security companies, a pair of analysts said Friday. Security spending remains steady in Asia-Pacific despite the global economic downturn, according to a new Gartner survey. Antivirus product sales will slow in Australia in the next five years as enterprises broaden their use of security technologies. One of Google's latest features can be manipulated to spread malware, a pair of researchers said Wednesday at the Black Hat conference in Las Vegas. Cyber-crooks are using new technologies and reinventing forms of social engineering to ensnare consumers and businesses, security experts warn. Malware writers are looking to cash in on the upcoming Fourth of July weekend, security experts have warned. Two leading market research firms have lowered their projections for the growth of spending on information technology, including IT security, in 2008 due to the weakening economy. Trend Micro has warned that hackers are intensifying attacks on legitimate websites to spread malware.. The new year is supposed to signal a fresh start for us all, but web threats will continue to reign in 2008, wreaking havoc just as they did this year Apple's iPhone will be a "primary target" for cybercriminals in 2008, a security company predicted today.. Worldwide mobile security license and maintenance revenue is expected to exceed US$200 million today, according to a new forecast from research firm IDC. Social sites likely to be big targets for cyber criminals McAfee's Avert Labs researchers said they were accurate in predicting a 2007 rise in password-stealing websites and public awareness of identity and data theft, but were off-base in foretelling a jump in mobile malware and adware. Ask IT security experts to forecast the future of mobile device security, and their crystal ball might become a little murky — possibly because of looming storms on the horizon. CIOs could soon be second only to CEOs on the management ladder, according to the CIO Institute of Australia.
Businesses in China will triple their spending over the next four years on hardware that saves money by routing phone calls over the internet, a new report forecasts.