Risk in the digital age is multifaceted, but cybercriminal activity forms a major piece of the pie when decision-makers assess their outlooks. Hackers can swipe company assets directly with targeted attacks, hone in on employee credentials to gain unrestricted access to information, or create bots that seek out even the slightest vulnerabilities in a network. Whichever methods today's offenders may employ, enterprise decision-makers need to stay on their toes by fortifying their infrastructure with IT security solutions capable of staying one step ahead of the rest.
It's no surprise that companies are allocating more capital and expertise than ever before to this area of their tech blueprint, according to a recent article from Channelnomics. The spike in security service spending was highlighted by Gartner in a study revealing a 7.9 percent leap from 2013 to this year, the source reported, with sector revenue topping $71 billion in 2014. Gartner also predicted that spend will grow another 8.2 percent by 2015, reaching nearly $77 billion in revenue by that time.
"Many organizations continue to lack the appropriate skills necessary to define, implement, and operate appropriate levels of data protection and privacy-specific security controls," Gartner's report read, according to the source. "This lack of skills leads organizations to contract security consulting firms that specialize in data protection and security risk management to address regulatory compliance demands and enhance their security postures."
State of confusion?
Despite this renewed emphasis on consulting and solutions geared toward strengthening company networks, business leaders appear to lack a clear direction when it comes to leveraging relevant technology. According to Insurance News Net, this has resulted in growth throughout the IT security sector, with organizations investing in a diverse portfolio of defensive measures and expert guidance services. For example, data loss prevention, secure file transfer, breach response, and disaster recovery have all seen increases in investor support and greater attention from enterprise users.
With cloud computing and mobile technology solidifying their roles in the corporate environment, there are many opportunities for attackers to sneak their way past network defenses and into mission-critical databases. Decision-makers can't underestimate the importance of up-to-date security services that ensure the long-term protection of their assets and keep company reputations clean. With so many new options available on the market, leaders must spend their security dollars wisely and close any gaps that may leave them vulnerable.