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The worldwide security software market is defying the recession and will reach US$14.5bn in 2009, up 8pc on last year.
While growth is slower than the 17pc growth recorded a year ago, Gartner expects the global software market to grow 13pc in 2010 when revenues will total US$16.3bn.
In Europe, the security software market will total €3.2bn in 2009, representing 7pc growth from 2008.
“Although the worldwide security software market is affected by the economic downturn, the growth will continue to be strong in 2009 as security remains a critical area where drastic cuts cannot be afforded,” said Ruggero Contu, principal research analyst at Gartner.
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Bord Gais must have spent a fortune in the past six months on its media campaign to get people to switch from the ESB but the kind of free publicity it received in the past week following the theft of company laptops was some it certainly could have done without.
With identity fraud so rife and people's bank accounts and credit cards being the subject of sophisticated and not so intricate scams, it behoves companies holding such personal details to be extra careful.
Bord Gáis Energy say a burglary took place on June 5th at one of its Dublin offices. During this incident four laptops were stolen, one of which contained customer information and bank details for 75,000 Bord Gáis Energy electricity customers. Apparently such sensitive information was not encrypted.
The Gardaí and the Data Protection Commissioner were immediately informed and a full investigation is said to be continuing.
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The five companies – specialising in areas as diverse as computer security and cargo screening – were selected as semi-finalists for the European-leg of the Global Security Challenge (GSC) on 24 September.
Beyond Encryption’s solution allows organisations to move beyond today’s passive, defensive technologies to proactively pursue both compromised devices and the sensitive data resident on them, putting either or both beyond the use of the current user.
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