Editor's Note: Software Users Want Change - InformationWeek
IoT
IoT
Software // Enterprise Applications
Commentary
7/2/2004
03:40 PM
Stephanie Stahl
Stephanie Stahl
Commentary
50%
50%
RELATED EVENTS
Building Security for the IoT
Nov 09, 2017
In this webcast, experts discuss the most effective approaches to securing Internet-enabled system ...Read More>>

Editor's Note: Software Users Want Change

Ever participate in one of those team-building sessions where you're first asked to solve a problem by yourself and then review the same problem with a group? Most of the time, the group will solve the problem more accurately than any individual. Chalk one up for the team.

Well, there's a team dynamic building up in the financial-services industry--with others sure to follow--that will likely have more success than any single company's efforts. The goal? More-secure software. With business suffering more downtime as the threat from viruses and worms continues to grow, financial companies are banding together and demanding that software vendors make changes to the way they deal with security.

I'm not talking about a passive "we need more secure software" kind of demand. Rather, a concentrated effort to change the rules--about how vulnerabilities are reported, how they're handled, how software vendors are held accountable, and even how software is developed (see story, "Applying Pressure").

The results of our annual global security survey magnify the need: Security breaches and malicious code are more of a threat this year than last. More companies are experiencing more downtime. Sixty percent of the 7,000 companies in 40 countries we surveyed are spending more on security, about 12% of their IT budgets. And a third of them want software vendors held legally and financially responsible for security vulnerabilities in their products.

Find out how some software vendors are reacting at informationweek.com/996/responses.htm. If you're a software vendor, we'd like to know how you're responding to the problems. You can tell us at informationweek.com/996/survey.htm.

Stephanie Stahl
Editor-in-chief
sstahl@cmp.com


To discuss this column with other readers, please visit Stephanie Stahl's forum on the Listening Post.

To find out more about Stephanie Stahl, please visit her page on the Listening Post.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
[Interop ITX 2017] State Of DevOps Report
[Interop ITX 2017] State Of DevOps Report
The DevOps movement brings application development and infrastructure operations together to increase efficiency and deploy applications more quickly. But embracing DevOps means making significant cultural, organizational, and technological changes. This research report will examine how and why IT organizations are adopting DevOps methodologies, the effects on their staff and processes, and the tools they are utilizing for the best results.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll