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Outsourcing IT security meets budget reduction requirements.

Dns : 01 April, 2008  (New Product)
Companies can still meet their IT security needs during a period of tightened purse strings by using outsourced security suppliers.
Recent reports are predicting that with global economic losses looming large, organisations will not see any rise in budgets over the coming year. Downward pressure from the faltering US economy and the subsequent domino effect on global traders is set to cause retrenching, with companies pulling purse strings a lot tighter.

Reports at the beginning of the year forecasted that the global IT investment cycle would reflect the nature of the economy, causing a slowdown in the development of new products and projects. Last month's analysis of US spending saw a considerable drop in the forecast for the market, with IT spending falling from 4.6% to 2.8%, according to Forrester's global forecast for IT purchasing in 2008. For many IT departments it will mean a careful re-evaluation of operations, as trends are set to impact globally on firms who may cut back on potentially vital IT support, software and resources.

Additionally, companies are struggling to negotiate the economic downturn, with falling customer confidence in data protection after a series of high profile data loss stories in the retail and financial services industry still front of mind. Up until now, companies have struggled to find a solution to the problem, with many lacking the in-house expertise and increasingly the resources to cope with growing threats.

Natasja Bolton, head of assurance services at dns contends that despite reduced IT budgets, companies can still maximise their security and win back failing customer confidence.

"The global economy has reached a difficult period and this has made companies re-think how they are spending their money. After all, companies ought to be conscious of where they are spending and it is often the IT department that bears the brunt of any cuts. But with the growing dependency on communication and electronic data, they cannot afford to miss out on critical expertise, especially as responsibility lies with each company to implement an effective security policy and protect themselves from increasingly sophisticated threats.

Bolton adds, "Whatever the economic climate, companies will still want to make sure that their networks are safe and fully secured. Organisations have a cost effective option of outsourcing the delivery, monitoring and the implementation of security systems to a dedicated team of security experts, who can help manage this process 24/7. This kind of solution not only helps to enforce existing security policies but can also assist organisations to take better control of their information systems, in their effort to win back the trust of customers. It offers companies the best skills and knowledge available, around the clock, without sending them over budget."
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