• 07-SEP-2016

Heightened urgency in cybersecurity – the odds are against companies who need to invest

PwC rated as a Vanguard Leader by ALM Intelligence
According to ALM Intelligence’s latest report, ‘Security Operations Centre Consulting’, the increasing number and sophistication level of cyberattacks means there is a heightened urgency for companies to formalize and strengthen their cybersecurity measures. They are slowly but surely beginning to understand that the odds are against them, and that eventually they will experience some sort of cyberbreach. This acceptance is the beginning of a surge in investment to build out capabilities for more robust monitoring in order to predict threats and draw attention to only the highest-priority incidents, as well as solidify processes and procedures to create an optimized and standardized approach to incidents.  

ALM Intelligence also states that:

• The pressure to have more insight into threats and provide real-time and actionable information regarding threats and incidents is only intensified by increasing hands-on involvement from executives and board members in companies’ cybersecurity practices. Additionally, companies are struggling not only to find but also retain talent with cybersecurity expertise.

• To best prepare for the ever impending incident, companies are beginning to engage with consulting firms to form and improve upon a centralized structure to detect, monitor, and respond to threats through a security operations centre (SOC).

The report identifies PwC as a Vanguard Leader and states that “PwC brings together its business acumen and technology expertise to formulate an SOC function design for clients that goes into great depth in building sustainable event monitoring and response capabilities that are continuously enhanced. A stand-out ability of the firm is the detail it puts into creating a comprehensive security monitoring strategy that encompasses technology, culture, and collaboration.’

It also says that ‘The firm stands apart from its peers through its event management offerings, where PwC’s goal is to evolve the client’s monitoring capabilities through support from threat intelligence and analytics, instill a strong security monitoring culture, and enable an information-sharing environment.'

Commenting on achieving the Vanguard rating, Miles Everson, Global Advisory Chairman, said: “PwC is committed to helping our clients address the challenges they face through the risks of cyber-attacks whilst at the same time ensuring that they can pursue the considerable opportunities in the increasingly inter-connected and technology driven world. We are delighted that ALM Intelligence has recognized our capabilities and positioned PwC as a Vanguard Leader in this new research. It recognises our strength in risk and cyber-security and also our continued investment to ensure that we help our clients have the right strategy and execute the best solutions to protect their business today.” 
*ALM Intelligence, formerly Kennedy Consulting Research & Advisory. 

Notes
1. For more information on how PwC helps clients determine what success looks like, innovate and create new value, visit PwC Risk http://www.pwc.com/gx/en/services/advisory/consulting/risk.html and PwC Cybersecurity and Privacy - http://www.pwc.com/us/en/cybersecurity.html
2. To find out more about how PwC has been evaluated by leading business, technology and industry analysts visit www.pwc.com/analystviews
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