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Log management – a safe bet for 2009?
In my last blog, I talked about being optimistic for LogLogic - a "rising star" Silicon Valley company with a funny name. There's no doubt that belts will tighten around IT spending in 2009, but Enterprise Strategy Group analyst, Jon Oltsik, anticipates a few technology areas will remain strong. Namely: virtualization, networking, security, storage, and services.
When drilling down into security, Oltsik predicts: "Security management will merge with log management. That works for ArcSight, RSA, LogLogic, and LogRhythm." From our vantage point, security management and log management indeed go hand in hand.
In other news, Forbes security columnist, Andy Greenberg, predicted Wednesday that the cybersecurity industry will remain "recession-proof," despite decreases in overall IT spending. He cites both IDC and Forrester Research as supporting sources:
In another report last month from research firm IDC, less than 10% of companies planned to cut security spending, the least of any category of tech expenditures. More than a quarter of those companies, by contrast, planned to scale back spending on business intelligence software and collaboration software.
Another report from Forrester Research in September showed that security spending would increase during the banking meltdown to account for 10% of total IT budgets. The bulk of that money, says Forrester analyst Jonathan Penn, will go toward systems designed to keep former employees or disgruntled workers out of proprietary systems and to prevent business-killing data breaches.
So why are we still optimistic? Businesses can't afford to have their reputations tarnished by major data breaches (ahem, a la T.J. Maxx). They must be accountable or face losing customers. An important caveat to remember: threats aren't always from external hackers in cyberspace. Businesses must actively monitor employee user activity. "In periods of recession or slow growth, companies are going to turn their attentions to customer retention rather than customer acquisition," writes Penn in an e-mail. "The last thing you need in that environment is a data breach and the associated brand damage." We couldn’t agree more.
Posted November 25, 2008 in | Permalink
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