Verizon and Deloitte bundle their Cyber Risk services

Deloitte's Cyber Risk Services practice has agreed a strategic alliance with Verizon, one of the globe’s leaders in broadband and wireless communications services. As part of the agreement, the firms will bundle their offerings and solutions in the area of cyber security and risk-management, creating broader and deeper joint propositions to corporations and governments.

With the growing transition to online and digital communication channels, and disruptive trends such as the Internet of Things on the verge of being unleashed, the risk and impact of cybercrime is rising sharply. For corporates and governments the message is clear: they need to arm their digital frontier against the continuous and growing threats from cyber criminals.

To support companies with battling cybercrime, professional services firm Deloitte and Verizon have decided to join forces. Together they will provide a “powerful integrated business and technology solution enabling companies to adequately prepare for and manage the entire life cycle of a cyber incident", says Ed Powers from Deloitte US. His firm will bring cyber risk advisory services designed to fortify businesses in all the areas of governance, strategy, business operations, risk and compliance, and remediation capabilities to business customers. Verizon will in turn, through its Enterprise Solutions division, provide its suite of global computer forensics, incident response and investigation services.

“As the cybersecurity landscape becomes more formidable, this alliance enables enterprises to better prepare for today's new reality," comments Mike Denning, Vice President global security for Verizon Enterprise Solutions. "We understand that companies need to have the mindset that being breached is a matter of when, not if. With our combined capabilities, we are preparing enterprises to better withstand a cyberattack before and beyond the breach."

The deal between the two giants has been struck in the United States and will mainly focus on clients in North America. If successful, the alliance is eyed to roll-out to other key markets.

Cyber-risk management framework
A few months ago, Deloitte’s Cyber Risk Services practice teamed up with the World Economic Forum to develop a new, cutting-edge cyber-risk management framework.