The cyber security pandemic engulfing the IT landscape is only going to get worse as more sophisticated threats emerge, according to the chief operating officer of HP, Bill Veghte.
Speaking exclusively to V3 as part of a wider feature for the latest issue of the V3 tablet app – which is available for V3 subscribers to download now free – Veghte said the rise in cyber threats over the years has evolved far beyond the types of threats seen over a decade ago.
“I managed the Windows server business during the first wave of Code Red attacks at the turn of century. If you look at the evolution of this you have gone from a teenager in Montana who wanted to be famous, to a hacker that wants £10,000, to incredibly smart, sophisticated people with lots of time and economics behind them,” he said.
“They are motivated around espionage, terrorism, nationalistic intent and that is the world we’re going to live in forever, and it is only going to get worse, not better.”
These rising threats are creating serious issues for both the public and private sectors, Veghte added.
“Governments are waking up to the reality of this and are now trying to decide if their response is to protect their citizens or take a more offensive stance. For businesses, this is now a board-level conversation,” he claimed.
“In the last 24 months it has really risen up the agenda. When Anonymous was rumoured to be attacking the Bank of America its share price dropped by over five percent.”
As a result of these growing concerns, the firm is seeing an increase in demand for its security services, with its code-scanning security service Fortify on Demand inspecting over 10 billion lines of code.
Last year, V3 heard from HP how it is fending off 110,000 cyber attacks on the US Navy’s internal IT systems every hour in another example of the huge levels of attacks being seen by major organisations.
To read the full interview with Veghte, in which we also discuss the firm’s mobile and hardware strategies, cloud computing offerings and Project Moonshot, just downloaded the latest V3 tablet app. It can be downloaded free if you sign up to the V3 website and use the same credentials when downloading the app. Alternatively, you can pay £1.99 for the May issue.
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