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sqlBecause of the struggling economy, many companies have been making cutbacks. But at the same time that cyber security concerns are rising, companies continue to cut IT funding.

According to an anti-fraud command company RSA in Tel Aviv, Israel, there has been a recent rise in attacks on U.K. businesses.

Oren Parag, an analyst for RSA stated “It’s always on the rise. It’s been specifically high in the past year. Much higher than before.”

The U.K. is the second most attacked country in the world, trailing only to the great U.S. of A. The U.K. has received 20% of all cyber attacks in the past year. However despite the increase in attacks on these companies it seems that the amount of money being allocated towards the IT development is not increasing. According to┬áChris Young, Head of Security Product Development at RSA, said: “For a lot of large enterprises, security spending is flat on where it was a year ago, or even a couple of years ago.”

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