Wall Street meltdown may drive risk-management investments

Wall Street meltdown may drive risk-management investments

Competition, regulation after crisis likely to increase interest in technology to manage risk

Historically the risk of insider theft and sabotage has proved to be the greatest when companies are engaged in massive layoffs and consolidations, such as those in the financial sector these days. Symantec expects financial companies to implement more of DLP products to mitigate the threat. Steven Roop, a marketing manager at Symantec, says here has been acceleration in the implementation of DLP products at some of the company's financial clients. "If they were doing a three-month rollout of the products they are setting themselves new deadline," these days. And its not just acceleration in project implementation that Symantec has been noticing but acceleration in demand for these products as well, Roop said.

Phil Neray, vice president of marketing at database security vendor Guardium, expects increased regulatory oversight that will result in more demand for compliance monitoring and enforcement tools such as database monitoring tools available from Guardium, as well as identity and access management products and electronic discovery tools.

Neray said that investment banking firms such as Morgan Stanley and Goldman Sachs converting to commercial banks would also add momentum to technology to manage risk because while they received protection from the Feds with the conversion, they would come under their regulations as well.

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