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Reduced spending and increased layoffs having harmful effects. Nearly three-quarters of security professionals think the recession has had a somewhat or significant impact on their purchasing of technology, according to new research conducted by security certifications organisation ISC2. The crisis on Wall Street is contributing to the largest rise in email-borne malware since February 2007. Global economic downturn increases desperation. Two-thirds of security and risk professionals believe that the global recession will drive IT professionals out of work and into the online criminal fraternity, according to new research published at the annual e-Crime Congress. The gap between security risks and our ability to tackle them is set to rise. With IT budgets being squeezed many companies will be forced to think about improving the security of their legacy systems, Benjamin Jun, told at the RSA Conference Europe 2008. A combination of the consolidating financial services space and fear over the stock market plunge has prompted malware writers to shift their tactics. Disgruntled ex-workers still hampering security efforts. Justifying security spend in tough times is a hard sell. So, avoid complex ROI arguments, focus on risk and steer clear of jargon, says Rob Buckley. Enterprises at risk from increasingly sophisticated attacks, warns Cisco. More evidence has shown that smartphones are being used by businesses without appropriate security. Symantec named Enrique Salem as the company's president and chief executive officer April 4, following the retirement of former CEO John Thompson. IT security needs to be more closely aligned with other corporate security functions, with an individual role co-ordinating and monitoring converged enterprise risk, according to a new benchmarking study by PricewaterhouseCoopers (PwC). Over £10 billion (A$20.7bn) was lost in the last year as a result of payment fraud, according to a UK study. Finjan has claimed that 2008 cybercrime figures from Japan are showing a 15.5 per cent year-on-year annual growth. The Blue Coat Systems CEO gazed into the dotcom abyss and survived. He thinks he has the measure of the downturn. Paul Fisher reports A recent case of employee sabotage is the tip of the iceberg, according to one expert. It may already be a cliché, but the credit crunch is forcing all types of businesses to review their costs and look at how they can reduce overheads. Even faced with tough budget times, there is still an opportunity, says one CISO.