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clrmoney
clrmoney
10/20/2017 10:02:46 PM
User Rank
Platinum
Predictions of Security Spending
I think that this could go either way when it comes to spending a lot on security because there are risks in almost everything we do. So I say good luck with this.

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srufolo1
srufolo1
10/20/2017 11:24:13 PM
User Rank
Platinum
Security Spending to Hit $118B
"On a worldwide basis, banks, discrete manufacturers, and federal/central government agencies will spend the most on security products and services during the forecast period, according to Smith, and combined will account for 30% of the global spending this year."

Banks, and federal/central government have more to lose than any industry if they were to experience a breach. I think their amount of spending on security is in line with such a threat.

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freehe
freehe
10/21/2017 5:30:59 PM
User Rank
Platinum
Security Spending
Finally someone gets it. Security has moved to one of the top priorities for enterprises. However, the success of the security initiatives depends on purchasing the right tools from the right tools to meet their needs.

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freehe
freehe
10/21/2017 5:32:35 PM
User Rank
Platinum
Security
Hopefully the money spent will not be wasted. I have seen too many companies spend millions on products and services only to scrap them later on or have them sit in a closet collecting dust. Some companies like to say they are doing this or that but have to remain popular but have no intentions on using what they purchase.

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freehe
freehe
10/21/2017 5:34:43 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
@srufolo1, I  agree. I work on a federal government contract and they security they have is amazing. Although there are some areas for improvement it will be hard but not impossible for hackers to attack.

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freehe
freehe
10/21/2017 5:36:11 PM
User Rank
Platinum
Re: Predictions of Security Spending
@clrmoney, I agree. There are risks to purchasing any tool. Hopefully the companies have developed a good implementation plan and risk mitigation strategy to address at least the major risks.

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mpouraryan
mpouraryan
10/22/2017 4:09:15 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
I have been on the receiving end of the breachers--including the big OPM breach.   Although the higher level of spending is indeed a welcome development, the question we have to think about it its' true effectivenes.    

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srufolo1
srufolo1
10/23/2017 8:00:03 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
@mpouraryan As have I, at a Bank of America ATM machine of all things and roughly 10 years ago. We were all fairly naive back then, including the bank! When I saw money suctioning out of my account from establishments as far as Canada, panic set in big time. Bank of America handled it like a champ. As it turns out, other ATM machines of theirs were breached, and BofA set on a mission to replace them all to prevent it.

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srufolo1
srufolo1
10/23/2017 8:02:03 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
@freehe Considering all the sensitive data they need to protect, I can imagine the federal government's security is like Fort Knox. Private companies should take a page from their playbook.

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mpouraryan
mpouraryan
10/23/2017 11:22:38 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
The key is to be vigiliant daily.     Thanks for sharing your predicament which is a lessons to be learnt by us all.

 

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