Friday, August 26, 2016

Netiquette IQ Blog Of 8/26/2016 - Global IT Security Spending Will Top $81 Billion In 2016



 
From informationweek.com 
Gartner predicts worldwide spending on information security products and services will reach $81.6 billion in 2016 -- an increase of 7.9% from last year.

Global spending on information security products and services will reach $81.6 billion in 2016, according to a new report from Gartner. This prediction marks an increase of 7.9% from last year.
The largest areas of information security spending are consulting and IT outsourcing, Gartner stated. Security testing, IT outsourcing, and data loss prevention (DLP) will be the biggest opportunities for growth through the end of 2020.
Another crucial area of industry growth is preventive security. Many IT pros tend to opt for preventive measures when planning their security strategies, a trend poised to continue in years to come.
[Read: 'QuadRooter' security flaw leaves 900M Android devices vulnerable.]
However, preventive measures have proven weak in blocking cyberattacks. As a result, more organizations have adopted the detection-and-response approach to strengthen their security.
Security technologies, such as security information and event management (SIEM) and secure web gateways (SWG) are expected to evolve to support this trend. In particular, SWG tech will maintain a 5% to 10% growth through 2020.
"Organizations are increasingly focusing on detection and response, because taking a preventive approach has not been successful in blocking malicious attacks," said Gartner senior research analyst Elizabeth Kim in a statement. "We strongly advise businesses to balance their spending to include both."
Kim said she anticipates security spending will evolve to become more service-driven as businesses continue to struggle with an overall lack of cyber-security talent in the industry.
Managed detection and response (MDR) is growing as organizations are challenged to use both technology and human expertise to pinpoint risks and maintain a safe cyber environment. This is especially relevant in addressing insider threats and targeted advanced threats.
In its report, Gartner dives into a few specific areas of security where businesses are predicted to spend their security budgets this year.
For example, the average price of firewalls will increase by a minimum of 2% to 3% year-over-year through the end of 2018. As organizations demand greater bandwidth and more devices, se
By 2019, half of midsize and large businesses will implement larger and more advanced inspection features to their network firewalls. In addition to larger bandwidth and better performance, businesses will also need their firewalls to group together other features such as intrusion prevention and web filtering.
Ninety percent of businesses are forecast to adopt at least one form of DLP by 2018; currently, only half of them do. Many organizations launch DLP for regulatory compliance and IP protection, but new technologies will also provide machine learning, data-matching, image analysis, and user entity and behavior analytics.
Some areas of information security are lagging behind. Consumer security software, endpoint protection platforms, and secure email gateways are exhibiting slower growth as a result of commoditization, Gartner noted.
While the purchase and implementation of new security technologies is key to protecting businesses, so is the development of cyber-security skills in employees. The shortage of skilled security professionals is both dangerous and expensive. It leaves businesses vulnerable to attacks resulting in reputational damage and data loss.
The most highly technical skills are the ones in greatest demand. Businesses are seeking pros with expertise in software development, attack mitigation, intrusion detection, network monitoring, and other areas of cyber-security.
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In addition to this blog, Netiquette IQ has a website with great assets which are being added to on a regular basis. I have authored the premiere book on Netiquette, “Netiquette IQ - A Comprehensive Guide to Improve, Enhance and Add Power to Your Email". My new book, “You’re Hired! Super Charge Your Email Skills in 60 Minutes. . . And Get That Job!” has just been published and will be followed by a trilogy of books on Netiquette for young people. You can view my profile, reviews of the book and content excerpts at:

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I am the president of Tabula Rosa Systems, a “best of breed” reseller of products for communications, email, network management software, security products and professional services.  Also, I am the president of Netiquette IQ. We are currently developing an email IQ rating system, Netiquette IQ, which promotes the fundamentals outlined in my book.

Over the past twenty-five years, I have enjoyed a dynamic and successful career and have attained an extensive background in IT and electronic communications by selling and marketing within the information technology marketplace.Anyone who would like to review the book and have it posted on my blog or website, please contact me paul@netiquetteiq.com.
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