Security Investments

Security Investments in Indian Enterprises

If a research report by a Gartner is to be believed, in 2019, the market is forecast to grow 8.7 percent to $124 billion. Security risks, business needs, and rapidly changing industry trends are the reasons quoted as the key reasons enterprises are looking at investing heavily on security. According to PwC Information Survey 2015, the average number of security incidents detected by respondents in India increased by 117 percent over the previous year whereas, the increase in incidents of cybersecurity breach globally stood at 39 percent during the same period.

In today’s environment, every organisation is concerned about its network and security. Earlier, enterprises didn’t focus much on their network vulnerabilities and security patches.

Growing Awareness

Now, since so many new malware such as Trojans, Phishing attacks etc are being introduced on a regular basis, the customers have realised the vital role of Security in their environment. They have started discussing on advance level security including anti-exploit, anti-ransomware, EDR/MDR, access control over different products, identity management, DLP (End Point and Network), patch management, port monitoring, etc. Customers have started discussing the strong values of VA for their distribution networks as well.

“Customers have understood the value of security in their Infra. They have started understanding the factors or security leakage including cloud-based setup. They have initiated provisions for advanced threat management for endpoint and security patches as a prime focus. For those organisations, who are developed and having a strong process for security threat analysis, they have started working on the second line of defense mechanism for ensuring the safety of data and customer satisfaction”,  Vibhore Srivastava, CEO, VIBS Infosol.

“As networks and endpoints expand with new technologies like SDN, cloud, and IoT, organisations must adjust their security architectures accordingly. By 2023, 60% of enterprises will phase out most of their remote access virtual private networks in favor of zero-trust network access”, Saravanan N, CEO, Globe Secure Technologies.

“The industry is moving towards analytics in all aspects and the channels should prepare themselves on the way industry is moving towards. According to Venkat everyone is not fully compromised with cloud and 100% cloud will be a distant dream though in Indian scenario”, M Venkata Ramana Murthy, Founder & CEO, 22By7.

Importance of Channel Partners

Channel partners in security solutions today are extremely critical because clients may not have the time and resources to evaluate all possible solutions for their needs. Also, the lack of timely expertise on a specific technology as well as lack of timely visibility on possible solutions in their geographical location may be another challenge which channel partner can help.

“I see the role of a channel partner today in security solution extremely critical because clients may not have the time and resources to evaluate all possible solutions for their needs. Also, the lack of timely expertise on a specific technology as well as lack of timely visibility on possible solutions in their geographical location may be another challenge which channel partner can help with”, Subramanian S, Head, Technology, Secure Network Solutions India.

Subramanian said, “In my opinion, awareness of business impact due to lack of proper security has increased manifold, especially after ransomware related publicity. Also, the awareness is on the rise and so is the investment. However, definitely, it still falls short to justify the emerging demand.”

On the other hand, Customers have understood the value of security in their infra. They understand the factors or security leakage including cloud-based setup. They have initiated provisions for advanced threat management for endpoint and security patches as the prime focus. For those organisations, who are developed and having strong process for security threat analysis, they have started working on the second line of defense mechanism for ensuring the safety of data and customer satisfaction.

“Though all of the parameters are important for any organisation. As a practice, Security management should always be treated in multiple factors approach. Earlier customers were only talking about Anti-virus but now they have understood the need to have dedicated Anti Ransomware, EDR/MDR and multiple technologies to protect their distributed Endpoint. Customer threat awareness programs (Phish Threats) are also encouraged by customers nowadays to educate their inside team about correct actionable. These all-new threats and factors have again brought Advance Endpoint management in trend,” Vibhore feels.

As far as parametres, email security, or other factors are concerned, they are always focused aspects while designing or managing Infra for every large or small setup. However, with the deployment of a few major appliances, the customer has more options to manage them as compared to Endpoint as per current scenario.

By:  B Swaminathan

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