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News

Regulatory Requirements Report and Trends in Network Security

Research And Markets : 17 March, 2010  (New Product)
Latest Frost and Sullivan Report available from Research and Markets reflects the increased attention and demand in the network security market with Assessment report on trends in the industry and regulatory needs
Research and Markets has announced the addition of Frost & Sullivan's new report 'Assessment of Network Security Trends and Regulatory Needs' to their offering.

Network security has gained significant attention among stakeholders in the information and communications technology (ICT) industry as enterprises are increasingly transacting critical data with customers and remote workers through in-house and mobile applications. Malicious threats such as botnets, viruses, malware, and spam have begun to cause excess damage to organizational resources. The ungoverned use of corporate utilities delivers an optimum platform for a potential breach, thereby leading to a severely compromised enterprise network. Enterprises are in great need for economical and efficient management solutions that provide optimized security through the enforcement of policies and procedures. Enterprises are faced with the dual need to deploy security solutions that can thwart attacks and ensure compliance to regulatory policies pertaining to the network security market. 'Network security vendors are developing applications and systems to secure cross vertical sectors such as banking, retail, federal networks, and healthcare,' notes the analyst of this research service. 'Although the importance of network security has never witnessed a declining phase, the tempo of adoption of solutions in such verticals is slower compared to that of IT enterprises.'

In any organization, it is vital to assess the vulnerabilities of functional systems to guarantee comprehensive data security. This can be achieved by a process of continuously identifying, quantifying, and prioritizing vulnerabilities in the organizational system. It is advisable for administrators to perform vulnerability assessment by cataloguing assets and capabilities and then quantifying the importance of specific resources. The next step would be to identify potential threats that could target these resources and assets. Application of regulations and standards compliance requires vendors to roll out solutions at a slower pace than that of open standard solutions. As a result, such solutions have inherent disadvantages in terms of cost. Improper costs during the development stage lead to serious disadvantages in product pricing.

'In the field of network security, the verticals that demand these solutions consider them liabilities rather than key enablers,' says the analyst. 'Therefore, applied verticals have reservations toward new solutions because of costs associated with the deployment of network security solutions, thereby making it a key challenge in the coming years.' At present, several organizations are seeking low-cost solutions that are capable of delivering robust security for their networks, data, and applications while, at the same time, providing secure connectivity to remote employees. It is important that solutions cater to specific requirements and are packaged together into a bundled solution for mass commercialization. Leading banks have invested millions of dollars into their products and services that range from transaction accounts to service banking. Therefore, prospects for product penetration are greater in this sector when compared to that of other verticals. Going forward, newer regulations in cross-vertical application sectors are expected to play a crucial role in the evolution of network security. With major developers emerging from the global financial turmoil, the need to establish newer opportunities is greater than ever. At the same time, developers also need to be aware of the development timelines and commercialization prospects of the emerging technologies and their application areas.
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