Oracle’s Hurd predicts huge cyber-attacks

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oracleOracle CEO Mark Hurd told the assembled throngs at OpenWorld that is becoming an essential resource for customers looking to cut costs and reduce risk.

He warned that the business community hasn’t seen a truly shocking cyberattack just yet. But it certainly will.

“I’m telling you, the next event might be bigger than you think”,  he said. “This thing is going to get more serious, not less serious.”

Oracle wants companies to offload software administration duties onto its cloud.

That’s a facet of a multitude of new products, from an autonomous database to a blockchain service to upgrades across dozens of Software-as-a-Service applications.

Hurd said need cloud providers to cut their IT budgets and take the operational load off their staff, especially when it comes to security problems.

While digital transformation is expected, IT budgets are not increasing, and almost every security upgrade motivated by a high-profile intrusion cuts into the customer’s innovation spend, Hurd said.

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