Security market will crash, says Kaspersky

"I predict the balloon will burst like the internet did before," said Eugene Kaspersky, head of research at anti-virus firm Kaspersky. "Security is a hot topic with more and more investment and companies in the market. But these companies do not have great experience or skill."

Kaspersky suggested movement towards secure networks would also fuel this market crash. "National secure networks for business are on their way, some banks are already using secure servers. Changing the internet now to be safer would be like switching which side of the road you drive. It will take a long time. But secure networks are being created," Kaspersky said.

Despite the claim Kaspersky said the anti-virus business is booming. Natalya Kaspersky, CEO of the company, looked to a bright immediate future.

"We may go public next year," she said. "We hired 100 new people in 2004 and are considering investment for movement into other markets." The comments came at an annual press conference in Moscow in which Kaspersky attacked public reporting of security vulnerabilities.

"It's not a good idea to report to the public information about new security breaches: it's better to keep silence," said Eugene Kaspersky. "If your neighbour forgot to lock the door you don't shout and say 'hey this guy left his door unlocked'. It's better to report it secretly."

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