Hide Notes 

Slide 1: Security Management Outsourcing Brings New Players Security management outsourcing is one of the hottest topics these days. There are new countries that are emerging in this field. Most of these countries belong to Asia Pacific, Middle East, and Africa. These countries have already replaced many developed countries like North America, and Western Europe. These providers are called Managed Security Service Providers or MSSP. India, thanks to the financial investments made by the government here, is leading the table followed by China. Overseas companies find it quite cost effective and manageable to offshore their security related tasks. This helps companies to help their security managers concentrate on other important tasks. By outsourcing these jobs to the abovementioned regions they make sure that the quality of the work is not compromised. The number of these companies outsourcing their work is increasing year after year. Apart from private sectors there are many public sector companies who are also showing much interest in outsourcing their security management responsibilities. There are also companies in India that also handle the security of the cash transaction system. This has become very important because many customers are now interested in taking cash rather than making the transactions through credit cards. The North American and Western European countries are witnessing a lesser growth rate. These MSSPs provide 24×7 monitoring of the system. In 2007 Forrester conducted a survey that mentioned about 30 percent of small and medium businesses at that time were interested to offshore there security management responsibilities. Moreover, this year at least 52 percent companies have said that they want to go for outsourcing of security management process. It is estimated by experts that this market will grow even further because of the current economical recession and the availability of trained and well skilled personnel. These people have all the necessary knowledge to handle the security of a company.