Government encourages IT
- competitive edge in business
Driving network security business and trends:
“Overview and way forward on Sri Lanka’s network security market”
report states that the rate of adoption of IT is in its developing
stages in Sri Lanka and has been encouraged by the Government due to the
competitive edge IT provides in business.
This report was unveiled at the South Asia Enterprise Security Summit
2009 which was hosted by the global business research consulting
company, Frost and Sullivan recently
According to the report, the Government’s spending in Sri Lanka
remained pretty strong and focused in 2008 and attained the third
position. This also goes to show the commitment of the Sri Lankan
Government in addressing all relevant IT matters, as well as its salient
role in driving the network security business and trends.
This vertical is expected to show the highest growth amongst all
verticals in the forecast period 2007-2015.
The report also revealed that the telecom sector is leading the
market when it comes to adopting network security technologies in Sri
Lanka with most of the telecom players catering to the domestic market.
BFSI (Banking, Financial Services and Insurance) stood as the second
Deputy Director ICT (Information Communication Technology) Practice,
Frost and Sullivan South Asia and Middle East Girish Trivedi said, “In
today’s ICT advanced world, computers and the internet play a dominant
role. You may either switch on your computer or use any other related
state of the art devices”
“However, threats in the networked world are getting bigger and
becoming more malicious and moving from external to internal.
Enterprises need to evaluate and preempt these threats as the gap
between attacks/attempt made to detection is abysmally low.
As most attacks go undetected or unreported, enterprises maintain the
misconception that they are safe, and the consequences (resulting from a
security breach) can be anything from losing reputation, customers, and
competitive advantage, to legal issues, leading to considerable
financial loss,” he said.“The world is changing and flexible new
technologies delivering revolutionary forms of collaboration and
communication are transforming the way businesses interact, both
internally and externally.
Mobile devices and virtual platforms have torn down the already
wavering notion of a “network perimeter”; this has led to newer threats
and risks, and as these have evolved, so have our responses to them.
Cisco with the approach of Comprehensive Threat Intelligence,
End-to-End security solution and Business-enabling Services provide a
rich, highly secure collaborative experience using the Network as the
Platform,” said Senior Manager - Systems Engineering, Cisco Systems -
India and SAARC, Arun Shetty.