McAfee enters security risk management market

Stan Beer
Tuesday, 17 October 2006 18:51

Your IT - Home IT

Security vendor, McAfee, has entered the security risk management market, adding to its threat prevention product range with compliance management capabilities including remediation and network access control.

With the acquisition and integration of Preventsys and SiteAdvisor technology, McAfee, claims to be the first security vendor to integrate threat prevention with compliance management.

"From conversations with our customers, it is clear that enterprises spend an enormous amount of time and money to manage security risks and to demonstrate compliance," said Steve Crutchfield, director of product marketing, McAfee. "Security is more than just a version number, and McAfee is the first and only company to provide a comprehensive approach that encompasses both threat prevention and compliance."

According to McAfee, growing compliance and regulatory requirements, coupled with changing threat environments, have forced enterprises to re-think how they approach and manage security.

According to research group IDC, the worldwide security compliance and control market was valued at approximately US$5.79 billion in 2005 and is forecasted to grow to US$14.92 billion in 2010, a 20.8% CAGR over the five year forecast period.

"For years, organisations have focused security efforts on external threats posed by the explosive growth of viruses, spam, blended threats and spyware," said Brian Burke, research analyst at IDC.

"The situation is now beginning to change, especially in light of new information-intensive government and industry regulations that require organisations to protect the integrity of customer and employee personal information and corporate digital assets. As non-compliance may result in substantial fines and executive liability, organisations are realising that information leakage by insiders is a threat that can no longer be underestimated."