Symantec is the most preferred brand for endpoint security solutions in the Indian BFSI industry

Aug. 12, 2011 - PRLog -- Symantec is the most preferred brand for endpoint security solutions in the Indian BFSI (Banking, Financial Services & Insurance) industry –TekPlus


For financial institutions, information is a crucial asset and security of information in their custody is therefore one of the most important yardsticks for them to earn the trust of their customers. TekPlus has observed a high increase in both internal and external threats to BFSIs intellectual property. The financial sector also has to meet compliance and regulations mandate by the Reserve Bank of India. As a result, organisations across this sector are looking at strengthening their security framework and ensuring optimum governance and compliance. Most Indian organisations in the BFSI industry have deployed endpoint solutions and in many cases, these are the last line of defence against threats. However, the challenges around effectively securing and managing the endpoint solution are significant. Therefore it is crucial to understand how financial institutions perceive, deploy, utilize and manage endpoint security in their environment.

In a recent survey of Indian organisations in the Banking, Financial Services and Insurance sector, TekPlus found that more than seventy percent of the survey respondents feel that endpoint security is extremely critical for their organization and another 26 percent cite it as ‘critical’. According to 97 percent of the respondents, ‘rapidly evolving threat landscape’ – is one of the major challenges an IT head in this vertical typically faces.

According to these survey respondents - Symantec is the most preferred brand for endpoint security solutions in the Indian BFSI industry. Every second organization that TekPlus interviewed has one or another Symantec endpoint protection product installed. Additionally around 69 percent of the total respondent base will stick with their current supplier suggesting higher level of satisfaction.

TekPlus survey of 129 security executives in the Indian BFSI industry highlights some interesting trends and insights in the endpoint security space. In particular, the analysis report covers the concerns, deployment scenario, preferred brand and management of endpoint security in the Banking, Financial Services and Insurance industry.



About TekPlus

TekPlus is an ICT Industry Analyst firm focused on providing intelligence, strategic direction and forecasts to its clients. TekPlus focuses in the areas of Enterprise IT, Telecoms, IT Services, SME, Channels, etc and its application to vertical industries. In particular, it focuses on the verticals of Healthcare, Finance, Retail, Services and Telecoms.

To purchase this Indian BFSI End-User Analysis or for any queries, please contact keyur.sevak@tekplus.com

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