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Security Spending To Top US$37 Billion Next Year

Security Spending To Top US$37 Billion Next Year

Security spending is set to exceed US$37 billion next year as organisations look to fend off potential cyber-attacks, according to Ovum.Next year, the IT security industry will

focus on helping organisations to know more about the threats they face,

according to Ovum’s Security 2016 Trends to Watch report.

IT

will utilise security intelligence along with analytical capabilities to

map the threat landscape and find and take action against new and

recurring threats.

“Industry coverage will include new

technologies which have been designed to identify and address the risky

actions that users are taking and the unauthorised, often cloud-based

facilities they are choosing to use,” Ovum states.

Ovum lists its

trends to watch next year as: improving the usefulness of security

analytics and threat intelligence is vital; keeping business data safe

calls for new and innovative technology; cybersecurity controls must

improve to deal with next-generation business systems; and, identity

management has to evolve to deal with the complete digital life cycle.

“In

2016, the security plaudits should go to software and service providers

who can identify threats earlier and provide organisations with the

quality of security intelligence they need to keep data safe,” Andrew

Kellett, Ovum principal analyst, software – IT solutions and report

author, commented.

“More realistically, it is likely to go to

vendors who can spot security breaches soon after they occur and deal

effectively with the aftermath of remediation.”

Kellett added

that “detection and remediation tools that can spot all types of malware

and reduce recovery timelines after a breach will continue to have an

important role”.

Operational demands, including the use of

technology that makes business information more readily available and

consequently more vulnerable to cyber-attacks, will drive the need for

better security, according to Ovum, with the increasing use of

cloud-based services, user mobility and multiple devices adding

complexity to security, particularly identity and access management

requirements.  

Next year, more use will be made of analytical

and intelligence-based security tools to identify threats and help

qualify the actions that need to be taken to keep businesses safe.

“The focus on keeping user and business data safe is a key issue,” Kellet commented.

“As

such, there needs to be far more interest in the control elements of

security that define what users are allowed to do: what on-premise and

cloud-based facilities and services they can and cannot use, what data

resources they are allowed to access, and where that data can be kept.”

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