Security has become an integral part of the ICT domain and is accelerating towards rapid growth. The extent and complexity of networking in the globalized digital market has given rise to the need of stringent security systems in the various areas of the cyber world. These aspects include financial transactions, communications, biometric identification, surveillance, data protection…the list goes on. The rise in identity theft, fraudulent activities in the banking sector, data leakage, terrorist activities, and homeland security breach are some primary reasons propelling the security segment of ICT to massive expansion.
The market for security is broadly classified as cyber security and physical security. Corporates, SMEs (Small and Medium Enterprises), start-ups and individuals are increasingly adopting security systems to protect their digital assets as well as physical business properties. As a part of the strategy, business entities have taken a holistic approach rather than a standalone one in policy-framing, by setting up a management security forum and committees. Additionally, a business-aligned security approach is enabling the earlier involvement of security in new initiatives rather than having to bolt-on expensive security remedies later. Embedding risk management, putting processes and technologies in place for information security and continuous monitoring and study of emerging threats are considered essential for the implementation of a security strategy.
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