RSA: Downturn will stifle IT innovation

 

Keynote RSA Europe 2008
Keynote RSA Europe 2008

 

Increased regulation triggered by the crisis in the banking sector could encourage governments to introduce more regulations that could divert IT resources away from innovation, according to RSA boss Art Coviello. Speaking at the first day of the RSA Security Conference Europe in London, Coviello told the audience of IT professionals that IT innovation was key to lifting struggling economies out of the current financial downturn. But that process could be derailed by an increased legislative burden combined with fear over costly IT mistakes in tough economic conditions.

For more go to Heise UK.

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