Tech is at a tipping point

As technology use expands, so does the tech security industry.

Cyberattacks are increasingly more complex, so governments and companies are eager to pay up for protection.

Gartner, a technology research and advisory company, expects the value of the global tech security industry to reach $67 billion this year. That's about $6 billion more than the United States Department of Homeland Security plans to spend in 2013.

The big increase in security spending stems from the rapid rise in intellectual property theft, said Lawrence Pingree, a research director at Gartner. Federal regulations seeking to strengthen the security of cloud services and laws that require companies to disclose data breaches are also contributing factors, he said.

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