Security Year in Review by Mark Finan
by Mark Finan - Monday, 23 December 2002.
9/11 brought a new perspective to security thinking and caused many companies to delay projects while they reassessed their vulnerabilities. The period for reflection is now over and many companies are prioritising their spending with security as the number one priority. Meta Group reports that they expect 55 percent of companies will be spending more than 5 percent-plus of their IT budgets on security by the end of next year. So while the general trend in IT spending may be down security will be the exception.

Security of critical data is set for growth

With an increase of blended threats, the pressure for better corporate governance, and the drive for business value from IT investment, the security market can expect to see rapid growth particularly in commodity security products and solutions for the protection and recovery of critical data. Companies like Preventon Technologies Limited agree:

Adrian Foulkes, Preventon CEO Comments: "We foresee a growth in 2003 market conditions surrounding the need to implement comprehensive security solutions on each desktop to combat the new, 'Blended threats' approach recently forecast by IDG and others. To address this market trend, we will be introducing a 'bundle' product containing Preventon Personal Firewall, Anti-Virus and Content/Image Filtering during the early part of next year, for businesses and home users."

Protecting critical data and the ability to recover it easily, will continue to see focus from both the consumer and corporate markets. Attix5 is well placed to take advantage of this market growth through its Backup Professional solution, which makes the backing up, archiving, and retrieval of data from a remote destination, secure, quicker and easier than ever before. Because Backup Professional removes the need for traditional network or tape based systems, ROI is easily achieved thus addressing the need for increased business value from IT investment.


What's the real cost of a security breach?

The majority of business decision makers admit that their organisation will suffer an information security breach and that the cost of recovery could start from around $1 million.

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