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Enterprises To Outsource 90 Percent Of Security Solutions
SecurityProNews
Staff Writer
2004-08-23
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Managed Security BPO Market Will Rival HR, Finance & Accounting, and Supply-Chain Management.
The increasing number of vulnerabilities and threats to communication systems is driving the rapid evolution of security technologies, according to the Yankee Group report, Managed Security Services Market Will Reach $3.7 Billion. These developments are outpacing the enterprise's ability to keep up with the latest counter-measures and techniques to thwart attacks. Security is moving from the network perimeter further into the enterprise to critical network links, key hosts and servers, databases and end-user workstations. The network once defined how information is accessed and secured. Now, the applications and end users dictate how communications will be initiated, which affects the accessibility and security of information.
Security-driven regulations, including the Health Insurance Portability and Accountability Act (HIPAA), Gramm-Leach-Bliley Act (GLB Act), the Sarbanes-Oxley Act and Basel II, elevate security to an executive-level and boardroom imperative. The Sarbanes-Oxley Act requires rapid expenditures on technology, processes and documentation to ensure the separation of operations from line-of-business activities.
"Organizations have used these legislated requirements to kick off security risk programs known in the early generations as vulnerability-management initiatives," says Matthew Kovar, Security Solutions & Services vice president. "This directive has been a marketing coup for the companies that have taken vulnerability-scanning services and called them 'vulnerability-management services.' Managed security service providers are merely naming the services to align with what executives are trying to do. It was pure happenstance that the product name matched enterprise need, which will be profitable for those managed security service providers (MSSPs) that offer these robust risk-management services."
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SecurityProNews is a daily online and email publication focusing on internet security issues.
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