Rapid Growth for Security Segments Prognosis
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by Milena Sotirova October 01, 2004
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In its recent report IDC http://www.idc.com announced that the latest FutureScan results for the month of October show significant growth expectations for the next several years. Buyer Intent, which reflects market demand for IT products and services, is 1041, down from 1085 in September. "One factor driving the market indicators upward this month is that the stock market has recovered from its spike in March," said Stephen Minton, vice president, Global IT Markets and Strategies. IT spending is expected to continue growing over the next 12 months, but at a moderate pace of almost 7%. According to the newly released report, Fortinet marketshare's rapidly growing security segments are estimated at $3.45 billion by 2008. Fortinet, the provider of ASIC-accelerated, network-based antivirus firewall systems for real-time network protection recently announced its confirmed leadership position in the Unified Threat Management (UTM) security market. The data comes from the IDC's report "2003 Threat Management Security Appliance Market". The research shows that Fortinet holds 29.5 percent of the UTM security market which is estimated to be the leading share of integrated multi-function security appliances. According to IDC's report, by 2008 the UTM security system category will consist of a majority of the $3.45 billion market. The recent Netcraft's report on security indicates a new phishing attack alters the SunTrust Bank web site. The fraudsters aimed to collect customer authentication details using the bank's own site. The attack inserts a form into a frameset within the investor relations area of the SunTrust web site, giving the outward appearance that it is part of the bank's official site, according to Netcraft's news, released on Tuesday. In a statement on its web site, Suntrust says "security is the most important issue SunTrust faces in making Internet Banking available for our customers. Using industry standard security techniques ensures that your personal financial information remains confidential." Last week it was announced that The Anti-Phishing Working Group monitoring the Internet scams announced up to 5 percent of recipients of the scam e-mails respond, often suffering identity theft or financial loss. According to the source, the group identified 1,974 distinct phishing attacks in July, up about 1,700 percent from 116 in December.
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