Strong Security a Market Differentiator?Vasco's Dica on Authentication Trends in the Indian Market
The security market in India has been evolving rapidly. A feature of maturing markets, the increase in the demand for security may tip the balance, with financial institutions seeing security more as a strong market differentiator than a checkbox item for regulatory compliance, says Dan Dica of security vendor Vasco.
"Security today is becoming a board room decision rather than an IT decision," Dica says in an interview with Information Security Media Group. "Because it touches customers, drives revenues and reduces costs, these things are discussed at the board level rather than at the IT security level."
With the advent of new mobile technologies and the Internet of Things, the need for strong authentication technologies is rising. But in India, any authentication option has be affordable for it to be widely adopted, Dica asserts."Cost is the first consideration, followed by security and user convenience, unlike markets like Europe, where security always comes first," he says.
As a result, Dica expects strong demand for a hosted managed service model of authentication, on a subscription basis, that can meet the demands of a cost-sensitive market.
In this interview, Dica speaks about the evolution and adoption of authentication in India over the last decade, comparing the ecosystem to those in Europe, Japan, the U.S. and Korea.
He also speaks about:
- The regulatory climate in India;
- Challenges to adopting security in India;
- Vasco's plans for India and the Asian region.
For nine years, Dica has been regional director, Asia Pacific, India and Japan, for Vasco. He has more than 15 years of senior management experience for IT organizations in areas including ERP, Web-based solutions and Internet banking.