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Offshoring for banks 'to be cut'
Category: Data security
11 November, 2008
Offshoring within the financial system is to be reduced after UK banks are expected to use the government's £50 billion bail-out package to lower IT spending, it has been reported.Speaking to Computer Weekly, Bob McDowall, analyst at Towergroup, says that it is in the UK government's interest to reduce IT offshoring because this could lead to more home workers being employed for their skills.
However, spending may not be drastically cut at the peril of the data security of firms, as Mr McDowall adds: "Where there are commitments or maintenance requirements, IT spending will go on, but new strategic and tactical spending will stop until the banking industry evaluates the impact of the government intervention."
Regular maintenance could be essential in preventing threats to an enterprise's system, a need which could be bolstered after it has been reported by the Sydney Morning Herald that phising scams have hit Facebook.
Despite the threat to data security that downloading outside files may bring, Dave Parrack, writing on Tech.Blorge, says most people are educated and aware enough not to fall for such scams.
