Why Security Investments are Vital 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 per cent over the previous year whereas, the increase in incidents of cyber security breach globally stood at 39 per cent during the same period. In today’s environment, every organization is concerned about their network and threat. Earlier, enterprises wont focus much on their network vulnerabilities and security patches. Now, since so many new exploit, virus, Trojans, Phishing attacks are being introduced on regular basis, Customer has realised the vital role of threat in their environment. They have started discussing on advance level threats control 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 on the strong values of VA for their distributed networks as well.
According to Vibhore Srivastava, CEO, VIBS Infosol, “Customers have understood the value of security in their Infra.

Those who are developing, have started understanding the factors or security leakage including cloud based setup. They have initiated provisions for advance threat management for end point and security patches as prime focus. For those organisation, who are developed and having strong process for security threat analysis, they have started working on second line of defence mechanism for ensuring the safety of data and customer satisfaction.” Saravanan N, CEO, Globe Secure Technologies, says, “ As networks and endpoints expand with new technologies like SDN, cloud and IoT, organizations 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.” He also added that Data Security breaches, compliance and risk of law suit are some of the key aspects that are forcing the enterprises to invest on security.

On gearing up towards the way industry is moving towards, M Venkata Ramana Murthy, Prime Mover, 22By7, said that 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. 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.
According to Subramanian S, Head (Technology), Secure Network Solutions India, “I see the role of a channel partner today in security solution extremely critical because clients may not have the time & 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.” He also added, “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.”
However, on the other side, Customers have understood the value of security in their infra. Those who are developing, have started understanding the factors or security leakage including cloud based setup. They have initiated provisions for advance threat management for end point and security patches as prime focus. For those organisation, who are developed and having strong process for security threat analysis, they have started working on second line of defence 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 End point. 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 End point management in trend.”, Vibhore feels.
As far as Perimeter, 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 deployment of few major appliances, customer has more options to manage them as compared to End point as per current scenario.

Featured Image courtesy - Le-vpn

By   B Swaminathan

The author is a Contributing Columnist with DQ Channels & DQ Week