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All things that motivate entrepreneurs

Sunday, March 16, 2008

Is it R.I.P for IT security vendors?

Fear is the key driver that sells insurance and - security software. So I don’t bother to read further if I see headlines like this. “Phishing attacks on banks rise six-fold: Symantec.” To me, it means Symantec badly needs to scale up revenues. Here is the sales talk in that report –
“The Symantec lab monitors the complete threat spectrum and malware activity all across the world. It provides support in 14 languages against phishers who are extensively using sophisticated methods to install spyware, Trojans, worms and viruses.”
All hogwash. Go read this. Trend Micro is another security vendor like Symantec and its own site is hacked ! When security vendors can’t protect their own sites from hackers, how will they secure others? It's embarrassing when security vendors fall victim to the attacks they are supposed to prevent and Trend Micro is not the lone ranger. It just ran out of luck and got reported :)

Time to short all IT security vendors…?

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