Managed Security Services In A Parallel Race With Cyber Intrusions

With India gearing up for digital transformation owing to ambitious initiatives like Digital India Programme, a parallel growth in the number of targeted attacks and vulnerabilities is inevitable which if not addressed can derail the country’s digital journey. The increasing cyber intrusions however are also fuelling the growth of manages security services, creating new revenue opportunities

- Sanjay Mohapatra

The recent surge in volumes of targeted attacks, malwares and cyber security breaches has come as nightmare for organizations across the globe particularly with mission critical operations. And while the loses owing to these attacks number in billions, on the flipside they have also bolstered the growth of cyber security segment across the globe with an increasing number of enterprises now placing the security aspect on their priority list.

‘’According to Nasscom, the aIndian IT industry is projected at a $350-400 billion by 2025. This growth will be driven primarily by the increasing digitization wave and smartphone penetration. With the recent ransomware attacks and other potential cyber threats, cyber security is one of the most demanding spaces in the IT,’’ says Kartik Shahani, Integrated Security Leader, IBM India & South Asia.

IBM’s growth claim is reinforced by other industry voices like fortinet and InstaSafe which believe that a combination of complex enterprise networks and increased intensity of attacks is fueling the growth of managed cyber security services. ‘’Digital transformation from the IoT edge to the cloud is increasing the complexity of enterprise network, and expanding the potential attack surface, as the traditional perimeter further disappears in the next wave of distributed network segmentation and virtualization.Given this scenario organizations will look towards security services providers to meet the insatiable demand for cybersecurity,’’ opines Jitendra Ghughal, Director Channels, India & SAARC, Fortinet.