Stocks to Gain on Security Pain
Notre Dame's D'Arcy notes that the major consumer security players will also see upside in additional attacks. "Research indicates that there are [broader] industry impacts, in that security vendors actually benefit from large scale breaches, so I expect this to continue, with the likes of
(SYMC - Get Report)
and others benefiting from the increased perceived need for security," he said.
Symantec CFO James Beer recently told
that his company has
avoided the slowdown in consumer spending
that has blighted other tech firms, citing the volatile cyber-security environment.
Experts have repeatedly warned that that there is no such thing as a
100% hack-proof network
, as the recent breach at authentication specialist
RSA recently confirmed
that the breach of its SecurID remote access technology that took place in March was part of a broader attempt to hack Lockheed Martin and extended an offer to "virtually" all of its customers to replace their tokens.
The problems at RSA, which is a unit of storage giant
, should serve as a wake-up call for corporate America, according to
analyst Avivah Litan.
"I think that it's making people wake up and move beyond just user authentication," she said, adding that firms should be monitoring their users and carefully controlling their Web site access.
, for example, both offer user monitoring technology, according to Litan, who sees additional opportunities for Web monitoring firm
Silver Tail Systems
and fraud detection specialist
RSA's recent problems have also stirred up its competitors, said Litan, nodding to
, which is part of Symantec, and privately-held
, which touts phone-based authentication.
The analyst, however, does not foresee a mass exodus away from RSA anytime soon. "That's not what I am hearing," she told
. "People don't want to get rid of the incumbent vendor."
Rich Mogull, CEO of research and advisory firm
, agreed that corporate America is unlikely to ditch RSA
. "Customers are upset, but I haven't heard anything disparaging from them," he said. "I have had some conversations with people, and gut feeling is that, at this point, it's too early to tell."
--Written by James Rogers in New York.
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