2. Data Risk & Security

What is it?

We will see increased awareness of data leaks and individuals will become more cynical about the ability of large organizations (and especially governments) to keep ‘their’ data safe and secure.
This anxiety will drive data encryption services and regulation and will impact on risk management processes. It may also drive litigation in some extreme instances. The growth of online banking, P2P lending and contactless payments will also make data security a larger headache for IT buyers and sellers.

Opportunities:

Secure data storage services, anti-spyware products, data encryption and data risk analysis.

Risks:

Government regulation, spyware in organizations, data theft using iPods or other mobile storage devices, mobile phone viruses, cyber terrorists targeting companies rather than countries, people (and perhaps companies) reducing their use of IT or going offline altogether due to worries about ID theft and digital privacy.