The Hindu Business Line : Symantec eyes risk mitigation services

Hyderabad, Sept. 21 Technology company Symantec Corporation is eyeing the risk mitigation business in the Asia Pacific region and in India with its services and consultancy capabilities.

Companies in banking and financial services, telecom and eGovernance are now proactively taking to these risk mitigation services.

The Country Manager of Symantec Global Services in India, Mr Sudesh Prabhu, said that the security market was a lot more proactive and prefers a vendor who can offer long-term engagement and support. This is how the concept of services and consultancy has evolved for Symantec.

Mr Prabhu told Business Line that these services were offered through partners and in some cases directly extending the capabilities of offering consultancy services. Businesses are more dependent on IT than ever before. And yet technology failures are commonplace. From a piece meal approach, the model has undergone a change with security becoming top priority at the decision-maker’s level.

This has meant taking to a comprehensive set of technologies for IT Risk Management. IT risk includes security, performance and elements of compliance, each with its own ability to harm a company.

According to a Symantec report on IT Risk Management, more than 50 per cent of corporations expect data loss at least once in every five years and 60 per cent expect major IT incidents at least once a year.

Therefore, organisations are keen to implement technology controls for better management of IT within the organisation.

The enterprise business sector and eGovernance projects in India have moved away from a reactive approach to taking to a more proactive approach to mitigate security risk.