Jul, 2001 : Integris and Prism to Launch Managed Security Service
📅 - Integris (integris.com), a worldwide provider of systems integration and hosting services, and Prism Security Inc. (prismsecurity.com), a leading information security-consulting firm, are collaborating to provide a managed security service to help meet the information security monitoring needs of the Fortune 1000, the companiesannounced yesterday.
According to the FBI, over 90 percent of e-commerce security breaches are"inside jobs," over one million U.S. credit card numbers have been stolen,and 90 percent of all passwords can be cracked by hackers. Another reportstates that security breaches cost U.S. businesses approximately $15 billiona year.
According to industry reports, the worldwide market for security services isgrowing at 34 percent annually and by 2003 is expected to exceed $2 billion,in reaction to these alarming statistics. However, many IT shops do not havethe experience, personnel, or tools to cope successfully with the risks.Representatives of Integris and Prism say that the best option is tooutsource their security requirements to a qualified managed securityservice provider like theirs.
"Key capabilities that Prism brings to the relationship are that we haveexperience providing computer security services including forensicinvestigation, and have a staff of qualified security experts," says KellyHansen, CEO of Prism Security Inc. "Integris is an applicationinfrastructure provider with proven, secure and reliable services - one thatis able to help us provide superior and scalable services to protect smalland large enterprises."
Privacy regulations affecting both the financial and healthcare industriesare key drivers for Integris' security service offering. The Gramm LeachBliley Act, which goes into effect July 1, 2001, requires financialinstitutions to disclose their policies and procedures governing theconfidentiality of client data. Likewise, the Health Insurance Portabilityand Accountability Act, which went into effect in December 2000, hasstrenuous provisions related to the proper care and protection of patientidentifiable information.
"In today's world of high tech crime, there are no rules to warfare. Anintrusion can take place any time, anywhere," said Hansen. "When a securitybreach goes unnoticed, it can be devastating for an organization. Stolen R&Dfiles today, may cause a business to lose its competitive footing and go outof business tomorrow."
According to the FBI, over 90 percent of e-commerce security breaches are"inside jobs," over one million U.S. credit card numbers have been stolen,and 90 percent of all passwords can be cracked by hackers. Another reportstates that security breaches cost U.S. businesses approximately $15 billiona year.
According to industry reports, the worldwide market for security services isgrowing at 34 percent annually and by 2003 is expected to exceed $2 billion,in reaction to these alarming statistics. However, many IT shops do not havethe experience, personnel, or tools to cope successfully with the risks.Representatives of Integris and Prism say that the best option is tooutsource their security requirements to a qualified managed securityservice provider like theirs.
"Key capabilities that Prism brings to the relationship are that we haveexperience providing computer security services including forensicinvestigation, and have a staff of qualified security experts," says KellyHansen, CEO of Prism Security Inc. "Integris is an applicationinfrastructure provider with proven, secure and reliable services - one thatis able to help us provide superior and scalable services to protect smalland large enterprises."
Privacy regulations affecting both the financial and healthcare industriesare key drivers for Integris' security service offering. The Gramm LeachBliley Act, which goes into effect July 1, 2001, requires financialinstitutions to disclose their policies and procedures governing theconfidentiality of client data. Likewise, the Health Insurance Portabilityand Accountability Act, which went into effect in December 2000, hasstrenuous provisions related to the proper care and protection of patientidentifiable information.
"In today's world of high tech crime, there are no rules to warfare. Anintrusion can take place any time, anywhere," said Hansen. "When a securitybreach goes unnoticed, it can be devastating for an organization. Stolen R&Dfiles today, may cause a business to lose its competitive footing and go outof business tomorrow."
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