MUMBAI, India, May 7 /PRNewswire/ --

- Frost & Sullivan's South Asia Enterprise Security Summit 2009

- Annual Executive MindXchange on Enterprise Security

The term 'security' has always been a priority but it has also
gained special importance in the recent times both due to internal and
external threats to organizations. It was estimated that 83 percent of
threats faced by the Indian companies are because of internal security
breach. Internal security breaches by employees constituted 43 percent,
former employees (28 percent) and partner/supplier (12 percent). Of the
companies, 42 percent suffered financial losses, while 35 percent suffered
intellectual property losses. Keeping this in mind, enterprises today are
taking special measures to ensure the physical safety of their employees and
the safety of the IT systems to guarantee the smooth flow of business. The
current economic environment has stirred enterprises to manage their expenses
diligently and at the same time not compromise on securing their organization
in any way.

According to the Frost & Sullivan survey done with CIOs across
industries, 85 percent of the respondents believed that Viruses, Worms and
Trojan Horses were the major disquiet in today's IT environment. Of the
respondents, 30 percent felt that DOS/DDOS sometimes became a major challenge
for them. Though not a regular attack the effects of DOS/DDOS were very
stern. Downtime and physical security were some of the other security
concerns for CIOs.

"Enterprise security is no longer confined to external
threats alone. Internal incidents of data loss are on the rise and
enterprises need to seriously evaluate the impact such incidents will have
on compliance, credibility and competition issues. India's position as one of
the leading providers of IT and knowledge services has laid the foundation
for its explosive growth thus making IP very important for Indian
organizations to stay competitive. Infringement or loss of IP can completely
erode the value addition that differentiates a market leader from the
also-rans. Given the current developments that we are seeing in India and the
global economy - Data Loss Prevention has to be the bedrock of good Corporate
Governance or any businesses Governance, Risk and Compliance initiative",
says, Ajay Verma, Director, Channels & Alliances, Symantec India.

Commenting on the security spending aspect for enterprises in
the current scenario, Girish Trivedi, Deputy Director, ICT Practice, Frost &
Sullivan, South Asia and Middle East, stated "IT security spending is
relatively low in India when compared with other fast-growing economies in
the world as percentage of their total IT budget. From a recent CIO study we
found that 90 percent of CIOs agreed that IT security is a vital component.
However, the alarming part is that a significant number of CIOs in India
didn't have any fixed budget for IT security; the procurement of IT security
products in these companies was purely demand based and adherence to
standards is abysmally low. Verticals like BFSI, Telecom and IT/ITES are the
highest spending verticals in terms of IT security as percentage of total IT
budgets."

The ICT Practice of Frost & Sullivan, the global growth
partnership company, in its efforts to address new and continuing threats to
Information Security as well as responses to the increasing risk of security
breaches and data leakage, identity theft, cyber warfare, and more, hosted a
multi-city summit titled 'South Asia Enterprise Security Summit 2009' in
Mumbai and Delhi. According to Frost & Sullivan, the enterprise network
security market in India was estimated to be $129.32 million and is growing
at 19.21 percent, in the year ended 2008. It will further grow at a CAGR of
10.56 percent in India. Network security includes Firewall/IP Sec VPN, SSL
VPN and IDS/IPS technology. This MindXchange aimed to convene the best minds
in Information Security under one roof to create an interactive milieu for
exchange of knowledge and ideas.

Some of the key areas like the Evolving Role of the Chief
Information Security Officer, Challenges of Building Trust in Digital/Online
World, Data Loss Prevention, Mobile Security, Managing Security on a Limited
Budget and the best practices in this industry were also presented and
discussed at the event.

The keynote was addressed by Mr. Aditya Sapru, Senior Vice President,
Strategic Alliances, Asia Pacific, Frost & Sullivan. Eminent speakers at the
event included Mr. Shekhar Kirani, VP, VeriSign India, Captain Raghu Raman,
CEO, Mahindra Special Services Group, Mr. Vishal Bhadani, Regional Practice
Manager - TIS, Wipro Infotech, Mr. Ravi Vaz, Senior Consultant, Wipro
Infotech, Mr. Laxminarayan Bhat, Director, Product Management, APAC,
Enterprise Wireless LAN & Security, Enterprise Mobility, Motorola - APAC, and
Mr. Arun Gupta, CIO, Shoppers Stop.

The event was co-hosted by VeriSign, Wipro and Symantec in the
Gold category and in the Silver category the co-host was Websense. The event
was supported by ISACA's Mumbai chapter, and the media partners were BenefIT,
CIOl.com and Express Computer.

For more information, please log on to
http://www.frost.com/enterprisesecurity

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Media contact:

    Caroline Lewis
    Corporate Communications - South Asia
    P: +91-22-4001-3438
    F: +91-22-2832-4713
    E: caroline.lewis@frost.com

    Nimisha Iyer
    Corporate Communications - South Asia and Middle East
    P: +91-22-4001-3404
    F: +91-22-2832-4713
    E: niyer@frost.com