New research carried out by International Data Corporation (IDC) has highlighted the increasing level of investment on threat intelligence security services (TISS) by businesses across the globe.
Businesses wishing to avoid the need for data recovery following a breach in their infrastructure are now working more closely with one another to develop a better understanding of the risks their networks face.
Iterative processes – learning from past mistakes – will form an increasing part of TISS practices, while businesses are also set to increasingly turn to data feeds and publications to understand the latest threats that are being highlighted for their field.
In addition, IDC’s report highlighted a 22 per cent increase in consulting services being used by businesses to help to identify potential weaknesses in their present IT security practices in 2013 and this is a trend that is forecast to continue over the coming years.
According to IDC, the global TISS sector is forecast to grow from $905.5 million (£541.8 million) in 2014 to more than $1.4 billion by 2018, with firms increasingly collaborating to identify threats.
Program director for security services at IDC Christina Richmond commented: “Threat intelligence is essentially a community activity.
“Attack information can come from many different sources and iterative intelligence organises this chaotic process of information sharing in order to help organisations in making future decisions.”
The safeguarding of intellectual property and other essential business data is coming to the fore as a key driving of IT investment for businesses around the world.
Last month, IT security technology provider Symantec published details of the organisation’s Global Intelligence Network activity in 2013, with the report revealing a considerable spike in the number of hack attempts was recorded last year.
Overall, businesses witnessed a 62 per cent upturn in data breaches during 2013, with 91 per cent of these incidents being targeted attacks by cybercriminals.
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