By Ron Coates, 15 November 2000 11:30
NEWS E-security breaches cause over $15bn damage worldwide each year, yet the total spend on security and services is only just over half that at $8.7bn. In its white paper 'eSecurity: Removing the roadblock to eBusiness', Datamonitor warns that concerns over security on the net could hamper the development of ebusiness. "Many ebusinesses are still ignorant of the risk they are exposing themselves to. Over 30 per cent have yet to implement adequate security," said Berena Salzman, analyst at Datamonitor. She continued: "As systems grow more intricate, the dangers become more intense. It's not enough just to have firewalls and virus protection. Companies must keep security aware, it's not a one-time purchase. They should be investing in encryption, public key infrastructure (PKI) and virtual private networks." Other analysts agreed. Camillo Sars, researcher at F-Secure, said: "People should extend their security awareness, but the remedy depends on the environment. We can provide distributed firewalls because there is no use having a single host-based system when you have laptops going out of the company." Datamonitor also claim the damage to the development of ebusiness could be even more significant to B2B. Salzman said: "Big volume companies will think twice if they feel that they can't be sure. The danger is not to the data in transit, but the resident data being exposed to outsiders when the system is opened up."
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