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Tuesday, March 02, 2010

Symantec Chief Says Cloud Security the Next Step

With enterprise data growing at an overall rate of 60 percent per year, it’s time to take a closer look at that information and determine its economic value.  Because if we don’t, the bad guys certainly will.  That was the warning from Symantec (NASDAQ: SYMC) CEO Enrique Salem, speaking here at the RSA Conference 2010.  He warned that as computing power moves out to the cloud, that will drive a need for digital devices to provide you with greater access to that data.  But, he added, mobile devices are increasing in importance along with cloud computing, and they require new security methodologies to deter data theft.

Cyber attacks are shifting from being broad-based to being very targeted, Salem said.

Symantec’s 2010 State of Enterprise Security survey spoke with 2,100 CIOs and IT/security executives, and found 75 percent had been attacked in the last six months—and all of those had suffered some kind of data loss; it may have been intellectual property, financial or credit card data or the personal information of a customer.

Salem said that in 2008, Symantec added 1.6 million signatures to its antimalware software, more than it had in the prior 16 years combined.

Instead of efforts, such as signature-based malware detection, he talked up the concept of reputation-based security, an approach that leverages the knowledge of users around the world.  Since adding reputation-based security to Norton 2009, Symantec has collected one billion reputation ratings and taken 177 billion reputation queries in the last six months.

Posted on 03/02