Impact of Global recession on Security !

["ॐ aditya mukadam ॐ" <aditya.mukadam () gmail com>]

( it seems my earlier email didn't go through .You might receive this
email twice)

Hello !!!

There has been lot of news about the Global recession
impacting/threatening IT budgets. Lot of articles have been written on
it with various views. Since the audience of this list compromises of
IT/Security people from all over the world and with different
viewpoints, it will be very interesting to understand the opinion.

My question: Do you think or see the Global recession impacting
Security Budgets/opportunities in a negative way?

Let me start with my view :

 I personally *donot* think Global recession will impact Security
(Information + Network) in a big way.

Reasons(personal view):
1) Increase on vulnerabilities, risks, threats, easy availability of
hacking tools, Cyber Terrorism  etc will demand strict countermeasures
which cannot be ignored.These things will make sure that the security
budget will stay intact.
2) During the recession time, companies will not want their business
to be impacted due to security reasons and hamper the revenue even
further.
3) Need of Industry certifications will rise.
4) Companies will invest in remote access solutions like SSL VPN etc
so that people can work from home than travel to office as a part of
cost cutting.
will add more as i can think ........ :-)

Conclusion (personal view)
Till industry understands the 'Global recession' phenomenon, Security
budgets might get strict and their might be some panic (due to various
views within industry).However, after the security impact analysis
(which will increase revenue of the consulting companies) the security
budgets will remain steady without cost cutting!

So I envision, section of security industry cashing on the global
recession by providing unique services to the 'panicked industry' !!!


Thanks,
Aditya Govind Mukadam