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Hot Off The Press

Spending On Security To Increase In This Year, MCIC Resource Says

Manasquan, N.J. As new computer viruses seem to be created each week, a survey predicts healthcare organizations will be throwing more money into the security software market this year, according to information in the Healthcare IS/IT Market Yearbook, Second Edition.

Security is of paramount concern in the healthcare field. The increased use of the Internet is booster electronic sales; however, it poses a threat to internal security, the Healthcare IS/IT Market Yearbook, Second Edition, by The Managed Care Information Center (MCIC), said.

Of 300 commercial U.S. companies with revenues topping $100 million, half said they believed the number of security threats to their organizations will increase 20 percent per year, according to an IDC survey sited in the yearbook. IT executives are dealing with security challenges by radically increasing spending on firewalls, encryption, anti-virus, intrusion detection, single sign-on and public key infrastructure/certificate authority solutions, as well as other security management software, said Chris Christiansen, program director with IDC's Internet Security service.

"This confidence is a result of the increasing number of security technologies they expect to implement and the organizational commitment they perceive backing their security requirements," Christiansen said.

Corporations are backing their commitment to security products with dollars, the yearbook said. In fact, they are predicted to spend more than five times as much on these products as they did just a few years ago. Worldwide, the Internet security software market is expected to reach $7.4 billion in 2002, according to the yearbook.

Firewalls will experience the fast growth, IDC predicted; in 2002, antiviral software will be the largest market, with revenues approaching $3 billion, IDC said.

The top two obstacles impeding security development are high costs and integration, according to the yearbook.

"Issues of cost and integration are within the power of security technology suppliers to overcome," Christiansen said. "Resolving these issues could enlarge the security technology market."

More information about the Healthcare IS/IT Market Yearbook, Second Edition, is available online at: http://www.healthresourcesonline..com/hospice/hosphys.htm.

Healthcare IS/IT Market Yearbook, Second Edition costs $95 and is available from the Health Resources Publishing, 1-800-516-4343, fax 1-888-329-6242, or from leading bookstores. Secure orders may be placed online at http://www.healthresourcesonline.com/managed_care/21ybk.htm.

For additional information, contact Health Resources Publishing, P.O. Box 456, Allenwood, NJ 08720; call toll-free 1-800-516-4343, fax toll-free 1-888-329-6242, e-mail info@healthrespubs.com, or visit http://www.healthrespubs.com.

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