The global information security technology market is expected to grow to $151.2 billion by 2023. This would represent an increase of 57% compared to 2018. Meanwhile, in 2019, the market could reach $106.6 billion.

This worldwide spending on different security technology products and services is expected to grow thanks to the investment made by institutions and other companies in the market.

The International Data Corporation (IDC) Worldwide Semiannual Security Spending Guide informs that by 2023, the spending on this industry could surpass $150 billion.

Male IT workers are outnumbering their female counterparts two-to-one as the sector struggles to bring greater gender balance to its workforce and lacks digital strategies, a survey has found.

Almost 300 senior IT professionals were asked about the state of their business and their working environment by Reed Technology, finding that in addition to a gender imbalance almost a third - 29% - of businesses within the sector do not have a digital strategy and are struggling to find the skillsets to build one.

Colt Technology Services has today announced that it’s furthering its collaboration with Microsoft, being named a launch partner for Microsoft Azure Peering Service as well as joining the Azure Networking Managed Service Provider (MSP) Programme.

Colt’s deepening relationship with Microsoft allows the business to assist at every stage of the cloud migration journey, whether that’s in identifying the required network infrastructure to achieve the desired level of application or providing the actual premium internet connectivity for Microsoft 365 and Microsoft Teams.

Avelacom, the high-performance global connectivity and IT infrastructure provider, was awarded “Best low-latency trading network” by WatersTechnology Buy-Side Technology Awards 2019. The awards recognize the leading buy-side technology vendors and service providers across the banking and capital markets landscape.

 CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, announced today that the firm had won the award for Best Buy-Side Collateral Management Tool at the 13^th annual Buy-Side Technology Awards, hosted by WatersTechnology on Friday, 1 November, in London.  This is the company’s fourth win in the category in the past five years.

Around the UK, alarm is growing from a belief that robots are taking away jobs. This fear is misplaced. From the steam-powered cotton mills of the industrial revolution to the rise of ATMs in the 1970s, there is little evidence to support the theory that mass unemployment arises from introducing robotic processes, because new kinds of jobs always arise.

Solactive is pleased to announce the addition of a new senior position to its organization. Peter Diel joined the firm as Head of Product Development on November 1^st, 2019, running Solactive’s index development departments. The appointment runs alongside further alignments of responsibilities, while the company keeps evolving its business and organization.

Businesses pay their smallest suppliers 30 days later than their bigger suppliers. Data released today by Previse, the fintech that uses AI to get suppliers paid instantly, shows the extent to which the problem of slow payments is concentrated among small suppliers, a fact which public payments reporting fails to highlight.

Applied Risk, specialist in industrial cyber security for critical infrastructure, has been accredited by internationally-recognised professional certification board CREST for its Operational Technology (OT) Penetration Testing services.

 
CREST supports the technical information security industry, providing accreditation for technical security services and professional-level certifications for individuals that provide penetration testing, cyber incident response, threat intelligence and security operations centre services.

MoonX today announced the launch of its new trading technology in the UK, offering a full suite of financial software and hardware systems for exchanges, brokerages, hedge funds, financial institutions and traders.