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News Release
Contacts
Julian Brophy, Perception Partners, +61 2 408 276 749
Julian@perceptionpartners.com.au
Claire Hosegood, Unisys, +61 411 253 663
Claire.hosegood@au.unisys.com
STRICTLY EMBARGOED UNTIL 1205AM AEST FRIDAY 24th
OCTOBER 2008
Consumer Confidence will drive security spending choices in
uncertain economic times in Australia
Unisys believes security spending increases in Australia will focus on
protecting customers and driving costs lower
SYDNEY, 24 October, 2008 – Unisys believes security spending by Australian organisations
will be aimed at reinforcing consumer confidence against a background of global economic
uncertainty.
The comments follow a review by Unisys of independent studies undertaken to determine
growth in security expenditure in Australia.
“Today consumer confidence is the new currency, particularly for those organisations
charged with the protection of the personal information, finances and other assets of
consumers,” said Vice President and General Manager of Unisys Asia Pacific, Andrew
Barkla.
Central to the economic crisis has been the loss of confidence in key institutions by the
public which has forced the hand of governments here and overseas to take steps to shore
up consumer trust.
“What this signals, we believe, is a consumerisation of security. Confidence and convenience
is now driving what has previously been an asset or technology issue,” Mr Barkla said.
Unisys has reviewed 2008 independent published data from multiple research providers and
predicts that Australian companies would expand security expenditure possibly by as much
as 43% or $2.25 billion by as early as 2011.
(1)
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“Even if the economy were to slow significantly in Australia, we still anticipate large growth in
security spending, especially in the area of private and social security,” Mr Barkla said.
Private and social security is the category of spending which is focused on people, including
technologies designed to verify an individual’s identity such as an eye scan or fingerprint at
an international airport or a bank ATM.
“Expenditure in this field will be largely driven by the need to assure consumers that their
personal information, finances and other assets are protected,” Mr Barkla added.
“In today’s difficult global economic climate, organisations want to ensure that their
customers have confidence in the security of their financial information and other personal
details that they may hold on their behalf.
“And in an international security landscape with increasingly more procedures, organisations
are turning to people-focused investments to make it more convenient for individuals to
participate,” said Mr. Barkla.
Note (1)
Analysis
The review of existing independent studies by Unisys included 2008 published reports and
assessments of the security market. Despite recent fluctuating economic conditions, Unisys
expects that expenditure growth will continue along the lines predicted by these independent
studies with any variance absorbed within the projected 43% increase of the three areas of
security.
Note (2)
The Three Areas of Security are defined as:
1.
Information Security = Protection of IT Systems traditional IT security, software, hardware,
services, identity and access management – software
2.
Private and Social Security = Protection of People such as biometrics, which refers to
technologies that measure and analyse human body characteristics, such as fingerprints, eye
retinas and irises, voice patterns, facial patterns and hand measurements, for identification
purposes
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3.
Physical Security = Protection of assets and valuables includes building security, access
control, automation, alarm monitoring, car alarms, CCTV, Cash in Transit, Commercial and
home alarms, Fire Detection, Man power – guards, physical security – locking devices,
biometrics
This release is intended only to provide the views of Unisys on the subject matter as at the date of the release.
You must make your own assessment of it and rely on it wholly at your own risk. Unisys provides no
representation or warranty in relation to any aspect of the release.
About Unisys Asia Pacific
Unisys helps clients with solutions for more secure business operations by aligning
technology with business strategy. Drawing on a history of industry innovation and expertise,
Unisys provides specialised services, delivered by trusted consultants. In Asia Pacific,
Unisys delivers services and solutions through subsidiaries in Australia, New Zealand, China,
Hong Kong, India, Korea, Malaysia, The Philippines, Singapore, Taiwan and Thailand and
through distributors or resellers in other countries in the region. For more information, visit
About Unisys
Unisys is a worldwide information technology services and solutions company. We provide
consulting, systems integration, outsourcing and infrastructure services, combined with
powerful enterprise server technology. We specialise in helping clients use information to
create efficient, secure business operations that allow them to achieve their business goals.
Our consultants and industry experts work with clients to understand their business
challenges and create greater visibility into critical linkages throughout their operations. For
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Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are
acknowledged to be trademarks or registered trademarks of their respective holders.
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