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Cisco ‘welcomes’ security threats

Cisco ‘welcomes’ security threats

INCREASINGLY sophisticated security threats, which can now spread and disable systems within seconds, present fresh channel opportunities in managed security services, claims networking giant Cisco Systems.

At a recent meeting of top New Zealand businesspeople, Cisco ANZ managing director Ross Fowler called on Telecom NZ to move into such services, a move our incumbent telco says it is already making.

Branding Cisco as a security company, Fowler raised the vendor’s annual $300 million security R&D budget and its networking products increasingly containing security features.

Sydney-based Fowler also quoted an Australian survey, which says the annual losses to each business from viruses, worms and other threats are $160,000 for each organisation.

He also called on companies, including SMBs, to prepare for what he called the fourth generation of threats, which can now spread and bring down company systems within seconds.

Existing manual systems and technologies will not be enough for these new threats, Fowler told the gathering of the trans-Tasman Business Circle.

Companies need more than simple AV control, but also a proactive “self defence network” and a comprehensive strategy that looked at all points on a network, he said, mentioning a few Cisco products and services.

“There’s an opportunity for service providers like Telecom to provide managed services in security,” Fowler said.

Telecom NZ solution sales national manager Andrew Allan says this is something in which the telco is already investing much time and money. INCREASINGLY sophisticated security threats, which can now spread and disable systems within seconds, present fresh channel opportunities in managed security services, claims networking giant Cisco Systems.

At a recent meeting of top New Zealand businesspeople, Cisco ANZ managing director Ross Fowler called on Telecom NZ to move into such services, a move our incumbent telco says it is already making.

Branding Cisco as a security company, Fowler raised the vendor’s annual $300 million security R&D budget and its networking products increasingly containing security features.

Sydney-based Fowler also quoted an Australian survey, which says the annual losses to each business from viruses, worms and other threats are $160,000 for each organisation.

He also called on companies, including SMBs, to prepare for what he called the fourth generation of threats, which can now spread and bring down company systems within seconds.

Existing manual systems and technologies will not be enough for these new threats, Fowler told the gathering of the trans-Tasman Business Circle.

Companies need more than simple AV control, but also a proactive “self defence network” and a comprehensive strategy that looked at all points on a network, he said, mentioning a few Cisco products and services.

“There’s an opportunity for service providers like Telecom to provide managed services in security,” Fowler said.

Telecom NZ solution sales national manager Andrew Allan says this is something in which the telco is already investing much time and money.


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