October 20, 2008, 12:17 PM — A blog on ZDNet speculated that the IT security business would suffer during the ongoing financial crisis. Already, we've seen the impact almost everywhere, with very few industries seeing much of an increase. The local dollar stores seem to be doing a booming business, but people are spending less on technology.
The speculation is that during this financial crisis, security spending will slow down--although the decreases in security spending will be less severe than in other areas of IT. On the other hand, hackers, spammers and other disseminators of dangerous malware are not affected negatively by the financial crisis, and I would speculate that there would be more of them--and that they would be stepping up their efforts to take advantage of those companies that may be spending less on security.
There remain several opportunities for security within the partner channel. Security spending may change its focus, but it will not stop, and companies will continue to look for cost-effective solutions that deliver tight security with minimal oversight.
