McAfee announces new risk strategy

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McAfee today launched its strategy on security risk management, following last month’s US$50m acquisition of Citadel Security Software.

According to McAfee, the strategy will add new compliance management capabilities including remediation and network access control.

McAfee says the approach to security risk management must include integration with compliance management capabilities such as policy enforcement, vulnerability remediation, network access control and audit capabilities.

Steve Crutchfield, Australian director of product marketing at McAfee says it’s “a lot more than just a product, it’s really the announcement of a strategy, something we’ve had cooking for a while.”

"From conversations with our customers, it is clear that enterprises spend an enormous amount of time and money to manage security risks and to demonstrate compliance," says Crutchfield.

According to analyst group IDC, worldwide security compliance and control market was valued at approximately US$5.79b in 2005 and is forecasted to grow to US$14.92b in 2010, representing a 20.8 percent compound annual growth rate over the five year forecast period.

"The situation is now beginning to change, especially in light of new information-intensive government and industry regulations that require organisations to protect the integrity of customers and employee personal information and corporate digital assets,” says Brian Burke, research analyst at IDC in a press statement.

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