WatchGuard Technologies recently reported a substantial increase in demand for its data loss prevention solutions. Furthermore, the company believes the industry as a whole is blossoming as a result of increased scrutiny from federal and state legislatures as well as various regulatory authorities regarding customer data protection.
Well-publicized incidents of data security failures are equally responsible for the increased demand for reliable data security solutions. B2B companies have been involved in of some of the worst instances in 2010 – including Piper Jaffray’s $700,000 fine for failing to archive email – and have worked to mitigate any risk associated with these issues.
“Today, customers can have both state of the art multifunction firewall protection and unbeatable web, messaging and DLP security that is affordable, powerful, highly reliable and easy to use,” Eric Aarrestad, vice president of marketing at WatchGuard Technologies, said.
A report from Gartner found the market for security solutions has grown by 11 percent in 2010 after limited IT spending caused by the global recession hampered growth to 7 percent in 2009. Even in companies with sound security standards, security software has been updated after financial issues prevented upgrades in past months.