News

WS Meltdown Could Spur Risk Management Spending

Competition and regulation after the crisis will likely increase interest in technology to manage risk

By Jaikumar Vijayan, Computerworld

Steven Roop, a marketing manager at Symantec, says he has seen acceleration in the implementation of DLP products at some of the company's financial clients. "If they were doing a three-month rollout of the products, they are setting themselves new deadlines." And it's not just acceleration in project implementation that Symantec has been noticing, but also acceleration in demand for these products as well, Roop said.

Phil Neray, vice president of marketing at database security vendor Guardium in Waltham, Mass., expects increased regulatory oversight that will result in more demand for compliance monitoring and enforcement tools, such as database monitoring tools available from Guardium, as well as identity and access management products and electronic discovery tools.

Neray said that investment banking firms such as Morgan Stanley and Goldman Sachs converting to commercial banks would also add momentum to technology to manage risk, because while they received protection from the Fed with the conversion, they would come under their regulations as well.

• Email
• Print
• Comments
• Digg This
• SlashDot