VMware: Transforming Cybersecurity as We Know It: A New Security Model
The current security model is a failure. According to Gartner, Inc., worldwide spending on information security products and services will reach $86.4 billion in 2017, an increase of 7 percent over 2016, but the cost of data breaches significantly exceeds that amount.
By the year 2019, Forbes predicts the cost will rise to $2 trillion dollars. According to the Ponemon Institute, the average amount of time it takes to detect a data breach using the current security model is 191 days. The average amount of time to contain the breach after identification adds another 66 days.
“Fundamentally,” VMware CEO Pat Gelsinger said in his opening keynote at VMworld 2017 in Las Vegas, “the technology industry has failed the customer.”
A New Vision
Gelsinger continued by saying it’s time for a new vision for cybersecurity, a new security model that “transforms security as the world knows and understands it today.”
With that in mind, VMware is increasingly playing the lead role in developing new solutions that address foundational security challenges for businesses and organizations worldwide. It is a responsibility that has become a core part of VMware’s overarching strategy. Gelsinger then outlined the details of VMware’s bold new vision for an advanced security model.
VMware’s approach turns the current security model on its head.
Read the entire article here, Transforming Cybersecurity as We Know It: A New Security Model
Via the fine folks at VMware!