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Security Spending Will Rise in 2008, Says Cisco
By
ChannelTimes Staff
International Desk, Mar 27, 2008 1818 hrs IST
Networking major Cisco today announced that 3 of every 5 IT decision-makers plan to increase security spending within the next year, as per its second and final set of findings from annual research on remote workers' impact on corporate security.
The study was conducted by InsightExpress, a third-party market research firm, and features surveys of more than 2,000 remote workers and IT professionals from various industries in 10 countries: the United States, United Kingdom, France, Germany, Italy, Japan, China, India, Australia, and Brazil.
Sixty-two per cent of IT respondents reported that they will increase security-related spending in 2008, and of those, more than half (37 per cent) said their increased security investments will rise by more than 10 per cent as compared to their previous years' budgets.
The findings underlined the fact that security spending can increase based on financial losses that businesses suffer from attacks on corporate networks and employees - including employees who work outside of the office. The highest percentage of IT decision-makers who plan to boost spending are from nations that are relative newcomers to widespread internet and IP-based corporate networking. Of the 10 countries in the study, China, India, and Brazil feature the highest number of IT decision-makers who are not only planning to increase spending in general, but the largest percentage who will increase security investments by more than 10 per cent year-over-year.
The study indicates that risky behavior from remote workers in these 3 countries, such as opening suspicious emails, hijacking wireless networks from neighbors, or sharing corporate devices with non-employees, is much more extensive than in nations that feature a longer history of corporate internet use. As a result, this behavioral trend could contribute to the jump in IT security spending.
John N. Stewart, Cisco s chief security officer, said, "As new countries increase internet adoption, those that drive the new internet growth can learn from others to understand the inherent security challenges - especially those who use the internet to shop or work remotely. Remote workers often represent the intersection of 'employee' and 'consumer', a connection point where attacks target and exploit the networks and corporate devices that remote workers use away from their offices."
According to Stewart, for multinational corporations and the IT departments that support them, understanding their employee's level of security awareness and experience is key in fostering tighter relationships, building trust, and administering effective education programs that will ultimately help to protect the enterprise.
"Businesses need firewalls, virtual private networks, and data protection technologies. The challenge is how to minimize other costs that could have been prevented through sustained education of employees, such as managing malware outbreaks and data theft. Increasing employee awareness through sustained education reduces threats, attacks, and the painful pricetags they typically carry," added Stewart.
Although China, India, and Brazil feature the highest projected rates of spending, the trend is not relegated to emerging economies. More than half of the IT respondents in 8 of the 10 countries are planning to increase security spending this year.
Related Links
Cisco Intros ASR 1000 Series Routers
Cisco to Smarten and Strengthen its Channel Team
Cisco Advances Strategy for Business' Safety
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They are good... But they only discussion held here is for It security pertaining cyber attacks etc. But there is need for more security in terms of svyllance and accesability |
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- Hardik Shah,
Linc, Ahmedabad
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