New Delhi: Even as companies are beefing up investments to counter attacks on new platforms like cloud and mobility, lack of human capital and increasing sophisticated attacks make it difficult for any one firm to alone address the challenges, technology giant Verizon said.
In its enterprise technology trends for 2014, US-based Verizon projected that the dynamic nature of breaches will lead to a rise in spendings by firms on cyber security.
"As enterprises increasingly adopt mobility, big data, cloud and broadcast solutions, the complexity of effective cyber security programmes far exceeds both the availability of human capital around the world and the capability of any one enterprise to execute alone," Verizon said in a report.
New York-headquartered Verizon Communications, which is one of the largest broadband and telecom services providers in the US, said going forward organisations embracing the new information technology world of cloud, mobility and M2M will see IT increasingly decentralised.
The report, however, forecasts that the growing number of sophisticated attacks will lead to a rise in investments on cyber security.
"Continued targeted attacks and high-profile security breaches impel corporate boards of directors to demand substantial increases in security investments in 2014 and rethinking of traditional approaches to cyber security management," the report said.
In a world where mobile is the norm and rich media content is a given, cloud will come into its own as the only location where growing data volumes can be stored, accessed and analysed on demand, David Small, Chief Platform Officer of Verizon Enterprise Solutions, said.
"In 2014, adding software and services to cloud will be a key focus for cloud providers to attract customers," Small said adding integrated cloud offerings will increasingly enable mashups of fixed and mobile networks.
Irrespective of the industry or sector, clients will look to invest and innovate in 2014 to deliver their products and services "more rapidly and securely where, when, and how their users want them," he said.
Verizon Enterprise Solutions designs, builds and operates networks, information systems and mobile technology platforms.
First Published: Sunday, November 24, 2013, 15:18