EDITOR'S NOTE

Good morning,

McAfee has calculated that global companies may have lost some US$1 trillion in intellectual property last year "owing to data theft".

The actual figures show 810 firms lost a combined US$4.6 billion worth and spent around US$600 million repairing damage from data breaches. The trillion dollar figure is an extrapolation of that data.

Recent World Bank bans have cast the spotlight back on offshoring deals, and these types of figures might keep it there for a little while longer.

-- Ry Crozier

TODAY ON ITNEWS

By Phil Muncaster | January 30, 2009

Global companies may have lost over US$1 trillion worth of intellectual property last year owing to data theft, according to new research from McAfee presented today at the World Economic Forum.

By Ian Williams | January 30, 2009

Dutch search firm Ixquick has announced that it has stopped recording IP addresses in a bid to boost user privacy.

By Staff Writers | January 30, 2009

Adobe Systems will be aggressive with small acquisitions this year as the global economic crisis has made valuations increasingly attractive, Chief Executive Shantanu Narayen said on Thursday.

By Phil Muncaster | January 30, 2009

Application management firm Micro Focus today launched a new version of its flagship portfolio management product, designed to help CIOs make more accurate strategic decisions.

By Rosalie Marshall | January 30, 2009

Independent business intelligence firm QlikTech has added new support to its QlikView product for HP Neoview, and has given customers a preview of its product roadmap for 2009.

By Phil Muncaster | January 30, 2009

Content security vendor Websense has announced the acquisition of social media anti-spam firm Defensio.

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