Business Services Industry
75% of UAE companies increased Information Security spend in 2006, says new survey.
Middle East and North Africa Business Report, January, 2007
Jan. 8--Spend on information security is on the rise, however, a survey from KPMG UAE shows that not enough companies are taking a holistic approach to their business continuity and information security planning in the long term. "The survey shows that companies in the UAE are increasingly depending on IT, and their spend has risen accordingly," commented Rajeev Lalwani, Head of IT Advisory practice for KPMG in the UAE and Oman.
"Yet 86% of companies are not considering international security standards such as ISO27001 when implementing information security management systems, and 55% allocate funds to projects on a case by case basis. Organizations need to treat security and continuity issues as business issues and embed them in the larger context of risk...
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