-----Original Message----- From: Alfred Huger [mailto:ahat_private] Sent: Wednesday, May 09, 2001 12:27 PM To: Lee Kushner Cc: 'SECURITYJOBSat_private' Subject: Re: Post to the Securityfocus jobs list Sorry Lee, this was approved the first time you posted it. It like many others died somewhere between the approval and the listserv. I have fwd'd it to the list again and will see it approved today. On Wed, 9 May 2001, Lee Kushner wrote: > Hopefully this response will give you the answers to your three questions > regarding the state of the Information Security Industry > > To begin with, I would like to state clearly that the industry is not in > trouble. Many new security related firms made their living by providing > their services to the growing number of companies that had an Internet > presence. Many of these new companies, or "New Economy" companies were > plagued by weak management that substituted new terminology for important > words such as profitability. Hundreds of these companies failed or were > gobbled up by larger, well managed and well capitalized companies. Now, > we are looking ahead to great things for the Internet Infrastructure > Industry and more particularly for the Security Industry. Today, most > experts predict growth in retail sales, over the Internet, exceeding 60% for > next year. However, most of this growth will be enjoyed by the more > experienced and established Bricks and clicks companies. Financial services > will be in the forefront from CSB First Boston Direct to Merrill Lynch On > Line. Banking is only beginning to make its presence felt with barely > 1,000 banks providing on line capabilities to transfer funds today; that > number is expected to grow to over 15,000 in the year 2003. Spending on > Internet infrastructure will begin to grow geometrically at the end of this > year, as all of the stalwarts of the "Old Economy" make efficient use of > the medium and dedicate portions of their vast capital reserves to these > initiatives. This is important because these older, established firms > don't rely on the stock market for their capital needs as do the dot-coms. > Security and services and product firms that have the ability to fill the > growing needs of these companies will be the survivors. Consolidation in > the industry should be expected at a rapid rate as companies seeking > scalability attempt to acquire fulfillment capabilities. Acquisition will > be driven by the need for quality personnel as opposed to desire to increase > market share. > > There is still a significant shortage of Information Security professionals > in the marketplace. The evolution of new services and technologies, new > government imposed regulations, and increased internal and external threats > will continue to spur the growth of the Information Security industry. This > growth will enable new challenges and opportunities for professionals within > our industry. > > Lee Kushner > L.J. Kushner and Associates, L.L.C. > (732)577-8100 > Suite 302 > 36 West Main Street > Freehold, NJ 07728 > VP Engineering SecurityFocus.com "Vae Victis"
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