Welcome to the Proxy Update, your source of news and information on Proxies and their role in network security.

Wednesday, October 29, 2008

Spending money on a proxy?

According to the linked article on Network World, IT spending on security is expected to remain strong, based on a recent worldwide survey by PricewaterhouseCoopers. 75% of IT security professionals indicated that their security spending will either increase or stay the same year over year. As companies move more of their business online, they need to deploy new defenses to protect those assets. Since this is a relatively new trend, there are no real existing protections that they can utilize. Additionally, compliance will continue to drive security spending. Both of these trends are largely recession proof since they are not areas that can be readily cut.

The relative strength in the security market is playing out against an expected slow down in the networking market. Forrester predicts that the crisis will slow growth in software and IT services to 3-5% down from an average growth rate of 9-12%. So the question is, are you spending money on your proxy infrastructure?

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