Enterprise security spending grows since Sept. 11
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(InfoWorld) - For years, Roy Bordes has been attending corporate security conventions, at which exhibitors push video surveillance, alarm systems or bullet-resistant glass. But since the terrorist attacks against the U.S. on Sept. 11, 2001, the American Society of Industrial Security's (ASIS) annual convention "has become a much more serious show,â said Bordes, a regional vice president for the trade group. The ASIS annual convention opens Sept. 25 in San Diego. Most of the 20,000 expected attendees, who make enterprise security buying decisions, are evaluating new applications to protect both their physical and virtual assets. There's a growing convergence of network, physical and building security functions, Bordes said. Enterprise spending on converged security projects in the U.S. and Europe is forecast to reach US$11.2 billion in 2008, from just $1.1 billion in 2005, according to Forrester Research Inc. Companies are deploying the fingerprint scanner technology that can admit employees into the building and allow them to log onto their computer, said Bordes, president of The Bordes Group Inc., a security consulting firm in Orlando. Converged network and physical security is getting C-level management attention, too, said Michael Corcoran, president of the California University of Protection and Intelligence Management, in San Jose, which confers degrees in intelligence management and management of personal protection. Some graduates become a company's chief security officer, guarding executives, protecting the building and, increasingly, also the computer network, Corcoran said. âThe CSO could be from the physical-security side or the network-security side. [Companies] want someone who is well-rounded in both areas,â he said.
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A new survey has found that three-fourths of IT decision makers say their security spending will increase next year because of wireless networking.
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The homeland security boom is funneling billions of dollars to antiterror tech makers, problems with accountability and coordination. A News.com special series.
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Services and businesses are boosting tech spending with network equipment purchases, researchers say.
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ARLINGTON, Va., Sept. 5  /PRNewswire/ -- Since the terrorist attacks of September 11th, American Chemistry Council (ACC) member companies have spent nearly $3 billion to enhance security under the industry leading Responsible Care(R) Security Program.
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Symantec report says Internet attacks for financial gain on the rise.
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A survey finds corporations may increase security spending as much as 20 percent because of wireless access concerns.
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The companies provide federal agencies with network integration and payroll accounting technologies, and are the beneficiaries of a government that is trying to bolster its defenses against terrorism, experts say.
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Key investments are starting to pay off for the enterprise software operator.
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SecurityCoverage, an innovator in automated computer security services for home and small businesses, announced today that the company has achieved another record quarter in revenue for its SecureIT and SecureIT Plus services.
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Symantec (Nasdaq: SYMC) has launched a new strategy for enterprise I.T. security that is designed to help businesses manage and protect the massive amounts of digital information on their networks.
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(InfoWorld) - Enterprises willÂ increasingly face skilled IT criminalsÂ trying to infiltrate corporate networks for sensitive data stored in databases, but adopting new policies to evaluate risk should help drive the cost of defense down, computer security analysts said Monday. The attacks could come in a variety of forms -- extortion attempts after data is encrypted and held hostage and the theft of intellectual property -- but all could have "potentially disastrous" effects for unprepared businesses, said Vic Wheatman, managing vice president at research analyst firm Gartner Inc. "Most businesses aren't attacked but some are," Wheatman said at Gartner's IT Security Summit. "We believe that cybercrime represents the next wave." Businesses will need new IT strategies to defend themselves. Enterprises now should spend 4 percent to 6 percent of their IT budgets on information security. This figure is equivalent to what organizations allot for casualty insurance, he said. From its latest data, Gartner expects information security budgets to increase 4.5 percent over the next year. But many corporations are creating security policies based on government regulations rather than threats. The result is policies that meet the auditors' requirements but aren't necessarily best for the overall security, said Jay Heiser, Gartner research vice president. "We refer to that as 'regulatory distraction,'" Heiser said. Rather than trying to anticipate a new regulation, it's better for companies to treat regulation as one more factor in an overall risk portfolio, Heiser said. It could take at least five years for an enterprise to form this approach, he said. Corporations can also rethink how they acquire new security software. Rather than buying the "best of breed" security product, companies can buy the "best of need," one that may not be the top of the market but meets the company's requirements, Wheatman said. Security products are also increasingly meshing what were separate functions. Wheatman said companies have shown success in negotiations with security vendors in getting, for example, antispyware included with antispam and antivirus software instead of paying extra. "We do think that over time, organizations can decrease their security budgets as a percentage of the IT budget," Wheatman said. Gartner released figures last week showingÂ strong growthÂ in the computer security software sales. Revenue totaled $7.4 billion in 2005, a 14.8 percent increase over 2004. Antivirus software represented 54.3 percent of the revenue, at $4 billion. Â
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In the months after the Sept. 11, 2001, terrorist attacks, government officials and industry leaders talked excitedly about how they expected technology to plug many of the gaps in airport security.
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In the wake of Sept. 11, there is a prevailing sense of wariness in the finance industry, in regard to the security environment as well as the direction of the markets.
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A stark assessment has found that the overall terrorist threat has grown since the Sept. 11 attacks.
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Since the terrorist attacks against the U.S. on Sept. 11, 2001, the American Society of Industrial Security's (ASIS) annual convention "has become a much more serious show.