In the era of mobility and connectivity, cloud and big data initiatives are helping corporates as well as consumers in the way they access their data and exchange information.
However, these initiatives also pose security concerns.
Today, we need to ask one question: How secure is the present IT environment?
We withdraw money from ATM by keying in the PIN number. Is our password secure? What if someone accesses your password and withdraws money your account.
In this age, we all do transactions through Internet. What if anyone gets your identity and does transactions on your behalf?
These are some of the concerns of customers as well as financial companies.
Today, cyber security threats are growing exponentially, and in this situation, without a proactive information risk-management strategy, enterprise growth and innovation efficiencies are likely to take a beating.
Similar concerns were shown when Aadhar (UID) discussions were going on.
What if the data which the company is collecting by biometrics is stolen? Most of the companies today are concerned about mobile data theft and loss but at the same time, most of them think of security only when there is a case of theft or loss.
A reactive, perimeter-based approach is no longer sufficient.
Enterprises need to be more proactive to counter these modern-day challenges with intelligent security solutions that span traditional and hybrid delivery model and address the challenges brought on by the new shifts in IT.
Our data suggests that the market for Indian Security Information and Event Management (SIEM) measures stood at about $12 million and is expected to grow at about 21 per cent in 2012.
Key spenders for network security in the country are going to be banking, financial services and insurance players.
We see sectors, including telecom, IT and ITeS, as our major clients in near future.
For HP, India SIEM is an upcoming segment. Today, there is more awareness about data theft challenges.
Although the market for enterprise security products in India is not very big at the moment, it will become one of the fastest-growing market for us in next few years.
MD, Hewlett-Packard India