Companies are wasting money on security processes--such as <A HREF="http://news.zdnet.com/2424-1009_22-202297.html?tag=nl.e622">applying patches and using antivirus software</A>--which just don't work, according to Cisco's chief security officer John Stewart.

Speaking at the AusCERT 2008 conference in the Gold Coast, Stewart said the malware industry is moving faster than the security industry, making it impossible for users to remain secure.