September 2011 Surprise Surprise!!! More than half of the Indian BFSIs are currently using endpoint security products that are either end-of-life (EOL) versions or approaching EOL!!! Importance of IT security in Banking, Financial Services and Insurance (BFSI) industry is not unknown to anyone. There is increase in both - internal and external threats to intellectual property. There is RBI mandate on meeting compliance and regulation requirements. Add to that, due to faster spread of the BFSI branches in an effort to reach maximum market penetration, financial institutions are also now facing new challenges in ensuring maximum security from the various end points. As a result organisations across the sector are looking at strengthening their security framework and ensuring optimum governance and compliance. The focus of IT security has shifted from single-point solutions, such as anti-virus software, to more holistic solutions such as endpoint protection suite. The endpoint is the last mile for the organization. In many cases it is the last line of defence against threats and the majority of organizations have an endpoint solution in place. In a bid to understand how Indian financial institutions perceive, deploy, utilize and manage endpoint security in their environment, TekPlus surveyed 129 CISOs and equivalent security executives across the Indian BFSI industry. Around 71 percent of these interviewees stated that endpoint protection is extremely critical for their organization. One of their major business concerns is data loss, either through internal data leaks or malware. TekPlus found out that around 67 percent of the total respondent base has deployed endpoint protection suites, mostly basic versions and another 4 percent respondents are using managed endpoint security services. What is surprising is – even though endpoint security is so critical for them, more than half (59 percent) of the organisations are using products that are either end-of-life (EOL) versions or approaching EOL. Only 38 percent of the participant organisations have upgraded to current versions. Some organisations have delayed the upgrade to new versions due to budgetary pressures. Source: TekPlus TekPlus survey of 129 security executives in the Indian BFSI industry highlights some interesting trends and insights in the endpoint security space. In particular, the analysis report covers the concerns, deployment scenario, preferred brand and management of endpoint security in the Banking, Financial Services and Insurance industry. About TekPlus TekPlus is an ICT Industry Analyst firm focused on providing intelligence, strategic direction and forecasts to its clients. TekPlus focuses in the areas of Enterprise IT, Telecoms, IT Services, SME, Channels, etc and its application to vertical industries. In particular, it focuses on the verticals of Healthcare, Finance, Retail, Services and Telecoms. This analysis is freely available to our www.smartdirections.in subscribers. To purchase this Indian BFSI End-User Analysis or for any queries, please contact
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or contact; TekPlus-INDIA +91 22 6516 3818 TekPlus-UK +44 20 8416 730 Symantec is the most preferred brand for endpoint security solutions in the Indian BFSI (Banking, Financial Services & Insurance) industry –TekPlus For financial institutions, information is a crucial asset and security of information in their custody is therefore one of the most important yardsticks for them to earn the trust of their customers. TekPlus has observed a high increase in both internal and external threats to BFSIs intellectual property. The financial sector also has to meet compliance and regulations mandate by the Reserve Bank of India. As a result, organisations across this sector are looking at strengthening their security framework and ensuring optimum governance and compliance. Most Indian organisations in the BFSI industry have deployed endpoint solutions and in many cases, these are the last line of defence against threats. However, the challenges around effectively securing and managing the endpoint solution are significant. Therefore it is crucial to understand how financial institutions perceive, deploy, utilize and manage endpoint security in their environment. In a recent survey of Indian organisations in the Banking, Financial Services and Insurance sector, TekPlus found that more than seventy percent of the survey respondents feel that endpoint security is extremely critical for their organization and another 26 percent cite it as ‘critical’. According to 97 percent of the respondents, ‘rapidly evolving threat landscape’ – is one of the major challenges an IT head in this vertical typically faces. Fig: Importance of endpoint security in BFSI Industry Source: TekPlus According to these survey respondents - Symantec is the most preferred brand for endpoint security solutions in the Indian BFSI industry. Every second organization that TekPlus interviewed has one or another Symantec endpoint protection product installed. Additionally around 69 percent of the total respondent base will stick with their current supplier suggesting higher level of satisfaction. TekPlus survey of 129 security executives in the Indian BFSI industry highlights some interesting trends and insights in the endpoint security space. In particular, the analysis report covers the concerns, deployment scenario, preferred brand and management of endpoint security in the Banking, Financial Services and Insurance industry. About TekPlus TekPlus is an ICT Industry Analyst firm focused on providing intelligence, strategic direction and forecasts to its clients. TekPlus focuses in the areas of Enterprise IT, Telecoms, IT Services, SME, Channels, etc and its application to vertical industries. In particular, it focuses on the verticals of Healthcare, Finance, Retail, Services and Telecoms. To purchase this Indian BFSI End-User Analysis or for any queries, please contact
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or contact; TekPlus-INDIA +91 22 6516 3818 TekPlus-UK +44 20 8416 7301 HEALTHCARE -IT MARKET INTELLIGENCE SERVICES The Healthcare IT market is growing very fast with many countries ploughing significant funds to integrate and digitise their systems. Recently TekPlus’ Market Intelligent Services (MIS) provide our clients with regular data and analysis. We have been delivering leading services in the Healthcare-IT arena since 2000 and have recently introduced more focused MIS services both regionally as well as segment-wise. We expect clients to benefit from our highly experienced analysts and consultants who have been covering these markets for over fifteen years and utilise their action calls, judgement and data guides as part of your programme to analyse and position your company favourably in these exciting times. (TP041025R0110V01)Surprise Surprise!!!
Fig: Current status of deployed endpoint security (EOL – End of Life)
Symantec - preferred brand for endpoint security
August 2011
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