Hacker attacks and random cloud computing are seen as the biggest data security risks (Photo: AVG)

Companies are investing more in IT security and data protection, according to a recent study.

Most companies polled by Germany's National Initiative for Information and Internet Security  (NIFIS) expected to significantly increase their spending data security in the next 12 months. Seventy-seven pc of the companies projected they would be spending one-third more than in 2012 and only 5 pc said they would keep security-related outlays at last year's level.

A further 17 pc forecast even higher spending increases, expecting 50 pc more. None of the companies polled expected to spend less on data security.

Thomas Lapp, chairman of the German IT self-help organization, said making sure the IT infrastructure is safe is crucial for companies today. He cited as the biggest risks hacker attacks, unauthorized use of social media in the workplace and random deployment of software-as-a-service and cloud computing.