The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

February - 2005 - issue > Cover Feature

Information Security - An Insight

Shantanu Dasgupta
Monday, November 17, 2008
Shantanu Dasgupta
The growth of information technology and IT networks in businesses leads to many issues and challenges—key one being Informa-tion Security.

The threats accompanied Information Technology from its inception and grew with it. The figure below illustrates how the threats developed in scope and impact with growing IT networks.

Need for Information Security
Enterprises today are bringing increased numbers of their transactions online, including those critical to their business. The safety and confidentiality of this information are very significant. Especially in banks and IT/ITES firms, online transactions are essential for business flow, and any disruption in flow can cause much loss. Estimates say that there is a 2000 percent increase over the period of 1999 to 2003 in financial losses from hacker-caused denial of service, which translates to about $65.6 million in reported cost.

Regulations like the HIPAA, the Gramm-Leach-Bliley Act, and the Turnbull Report has much impact in the U.S and U.K. The IT/ITES industries that caters to outsourcing from these counties, must comply with their regulations. In India, the RBI mandate for bringing all banks online has driven the BFSI sector towards such solutions. Currently approximately 60 percent of the revenues for Network security are derived from the IT-ITES, Telco’s & BFSI sectors in India, so the impact of this driver can be understood.

Ensuring Optimal Utilization of Resources

Share on Twitter
Share on LinkedIn
Share on facebook