Managed Security Spending Growing, Along with Attacks and Defenses

BOSTON – Driven by hack attacks and worse, and prompted along by regulations arising from Gramm-Leach-Bliley, Sarbanes-Oxley, HIPAA and more, the managed security services market is on a roll, going from $1.5 billion in 2002 to a projected $3.7 billion in 2008. The technologies behind the services also are growing, according to a new report from Yankee Group, at a faster pace than organizations can keep up with the changes. The report says as security moves from the network perimeter ever deeper into the enterprise to cover network links, servers, databases and end-user workstations, a continuum has evolved as managed security services move from the beginning product phases through what the think firm calls the pervasive into the persistence phases. The time to react also is becoming more crucial, as illustrated by the rapid spread of the SQL Slammer outbreak in April. Here are some graphics that illustrate highlights of the report: