Pandemic Cyber Security Failures, Historic Opportunity for Investors
Robert Kientz | Apr 05, 2013 05:10PM ET
Cyber Security failures in the Western World have reached a pandemic stage. Research conducted by the National Security Agency (NSA), in conjunction with the Department of Defense, FBI, Department of State, local law enforcement, civilian security agencies, and large security providers such as Mandiant and McAfee have shown that government and industry alike suffer from poor security practices. The result of the research, published by the Center for Strategic and International Studies at the request of Congress, led to the establishment of the an award for the efficiency of firewall and IDS security products. Fortinet' strategy is to become an end-to-end network layer management and security provider and has recently moved up in market share. The balance sheet is fantastic, but revenues are expected to flat-line in 2013 as the company concentrates on developing their cloud portfolio.
TakeAways
Companies that innovate and fill holes in the security sector should profit handsomely. Government and corporate networks are in dire need of effective security practices performed efficiently, and will look to leading security firms to provide scalable solutions. In addition to a maturing product portfolio, IT leaders would do well to strengthen focus on security by hiring technicians with a proven security background, such as Information Assurance and Security professionals. Alignment of Information Security Officers atop corporate IT systems will drive mature security practices.
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