The Third Platform Affects Security Spending

[Audrey McNeil <audrey () riskbasedsecurity com>]

http://midsizeinsider.com/en-us/article/the-third-platform-affects-security-spen#.U_95pPldVjI

The third platform — including mobile, social business and cloud computing
technologies — is affecting how much firms are spending on security. New
research by Gartner found that growing firms want to prevent threats from
thwarting their business in this new age driven by the promise of
third-platform technologies.

Spending Needs

A new survey by Gartner featured in Computerworld found that worldwide
spending on information security will reach $71 billion this year, an
increase of nearly eight percent from 2013. Gartner noted that the data
loss prevention segment achieved the highest rate of growth at nearly 19
percent.

Gartner also found that more businesses are concerned by new malicious
software tools used to attack organizations, and as a result, the industry
has seen an overall increase in awareness and spending on solutions.
According to the research firm, security is no longer just a basic IT
function. IT professionals are shifting away from monitoring and
administration, and instead are deploying incident response systems and
mitigation. The research also noted that the security software landscape is
changing, with more midsize firms relying on hosted security services than
ever before. By 2015 it is predicted that 10 percent of security will be
delivered in the cloud.

Midsize Security

When it comes to midsize firms, security challenges abound. IT
professionals are balancing the need to incorporate third-platform
technologies to remain competitive while ensuring each implementation is
secure. It is not an easy task when resources, budget and time are limited.
As a result, with less knowledge about solutions, vendors fill that gap to
provide solutions. According to Gartner, many firms simply lack personnel
that have the appropriate security skills to keep up with today's
increasing threats. More than 50 percent of organizations are predicted to
rely on security services firms that can help them meet their security
goals on the data protection front, as well as risk and infrastructure
management security.

IT managers at midsize firms may look closer at vulnerability management,
which uses the same methods as a hacker to learn about a firm's security
risks. Identity life cycle management, managed intrusion prevention and
various cloud-based solutions can potentially deliver what a midsize
organization is seeking to help secure its data. Every firm's needs are
different, and vendors can implement proven strategies for threat
mitigation and data protection.

New Security Growth

While the third platform may help midsize firms innovate on many levels,
security is still a concern. Due to the rise of new types of cyber crime,
midsize organizations are becoming more aware of the threats out there. The
challenge is finding and investing in the right solutions to be prepared.
In the end, any resources spent should help to secure precious corporate
data.

_______________________________________________
Dataloss Mailing List (dataloss () datalossdb org)
Archived at http://seclists.org/dataloss/
Unsubscribe at http://lists.osvdb.org/mailman/listinfo/dataloss
For inquiries regarding use or licensing of data, e-mail
        sales () riskbasedsecurity com 

Supporters:

Risk Based Security (http://www.riskbasedsecurity.com/)
YourCISO is an affordable SaaS solution that provides a comprehensive information security program that ensures focus 
on the right security.  If you need security help or want to provide real risk reduction for your clients contact us!