IBM to spend $1.5B on security development in 2008

This press item has been picked up all over the place – IBM announces an initiative to invest $1.5B in security development and marketing for 2008. This is seriously cool.

Very interesting quotes from IBM executive Val Rahmani:
“‘We believe there’s a crisis in the marketplace right now,’ said Val Rahmani, who heads IBM’s infrastructure management services.” from NYTimes at http://www.nytimes.com/aponline/technology/AP-IBM-Security.html?_r=1&oref=slogin

“‘Security is broken,” Val Rahmani, general manager of IBM’s infrastructure management services, said in a telephone interview. ‘There has been a perfect storm of threats.”’ from http://www.bloomberg.com/apps/news?pid=20601204&sid=a6ohOhxgElJ0&refer=technology