Virus plague fuels rise in security spending

IT directors are being forced to spend more of their IT budgets on security as a result of the recent virus plague spearheaded by Blaster and Sobig.

Written by Larry Schlesinger

According to market watcher IDC, the devastating impact of these virus attacks is fuelling security spending, a trend that will continue over the next five years, by when it will be a $4.4bn market.

'The recent onslaught of viruses and worms such as Blaster, Nachi, and Sobig highlight the need for antivirus products and, more importantly, the need to update services,' said Brian Burke, research manager for IDC's security products service in a statement.

Advertisement

Burke added that while corporate customers have long realised that antivirus software is only as good as its last update, consumers and small business customers were only now realising the necessity of subscription-based updates.

IDC added that the global antivirus software market proved to be a primary area for security spending in 2002, achieving $2.2bn in revenues, 31 per up on 2001.

Both corporate and consumer spending on antivirus software increased in 2002, according to the research firm, with consumer spending actually surpassing corporate spending by 8.5 per cent.

'Consumers and small businesses are finally recognising the fact that antivirus software is more of a service than a product,' said Chris Christiansen, vice president for IDC's security products service in a statement.

'Furthermore, the rapid infection by these new worm and virus attacks means that slow responses will cripple most customer environments because they will not be able to get ahead of the initial infection and the far more serious re-infections.'

The analyst also warned that just as virus and worm detection technologies become more sophisticated, so do the virus writers.

IDC said that worms and viruses were increasingly Spam techniques - not just exploiting unprotected mail relays to maximize spread, but also using social engineering to trick victims into opening malicious files.

To combat virus and worm attacks many organisations are adopting a 'layered security' approach that combines solutions such as desktop antivirus, server and gateway antivirus, content filtering, and proactive techniques such as behaviour analysis and heuristics, IDC observed.

Tags:

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Stuart Bridges, Hiscox

Stuart Bridges: FD of Hiscox

Dull is the new black in these straightened times –...

Top 30 Accounting Networks and Associations 2008

The race to become the biggest firm on the planet...

Barack Obama Accountancy Age cover October 2008

Obama: asset or liability?

What an Obama presidency could mean for you

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Will proposed tax cuts help to stimulate the economy?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement