Spending by financial services firms on data security systems is skyrocketing as the companies scramble to protect themselves from cyberspace intruders.

A new study, conducted by Yankee Group of Boston and Infosecurity News magazine, found that spending on computer-security products at 412 large and midsize companies rose an average of 25% from 1994 to 1995. This year, data security spending is expected to rise by 15%. The growth far outpaces increases in overall corporate technology spending, the survey found.

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