Grant Thornton joins digital resilience consortium

08 December 2020 Consultancy.uk

Eversheds Sutherland, Konexo, Grant Thornton and Trustwave have collaborated to launch a new cyber security and data privacy consortium. The coalition will provide global clients with procurement options for a host of professional services offerings.

Organisations across the world continue to face the effects of the global pandemic. Threats of cyber-attacks, ongoing regulatory changes, geopolitical risks and an uncertain global economy will keep cybersecurity, data privacy and digital resilience issues at the top of boardroom agendas. Digital resilience is key to not just surviving such headwinds, but also about maximising the benefits of digital enablement, while confronting and being nimble enough to rebound quickly.

Firms which can build strong and robust digital resilience into a risk framework will enable their clients to better achieve their overall objectives. Legal firm Eversheds Sutherland, technology developer Konexo, cybersecurity provider Trustwave and business advisory firm Grant Thornton have united to form a consortium helping clients to do just that.

Grant Thornton joins digital resilience consortium

Working in collaboration, the unique consortium will provide global clients, predominately in regulated sectors such as financial services, procurement options for a breadth of integrated digital resilience services. The consortium combines the legal and regulatory knowledge of Eversheds Sutherland, with the cost effective and technology enabled processing of Konexo. This is strengthened by the cyber risk management and assurance pedigree of Grant Thornton, collaborating with the cyber advisory and threat detection specialisms of Trustwave – meaning the consortium boasts a range of core capabilities, including legal advisory and managed services, IT assurance, digital forensics, cybersecurity advisory, and strategic and technical consulting.

Manu Sharma, Partner and Head of Cyber Security and Resilience, Grant Thornton, said, “Almost every aspect of an organisation’s operations is now digitally enabled and, in this environment, it is vital that businesses understand the need to build effective digital resilience. Prioritising both continuous assurance and creating a robust control framework, are critical to both mitigating risk and reducing the chance of a crisis… The consortium is uniquely positioned to help organisations maximise on this opportunity and drive digital resilience through a ‘one stop shop’ of expert advice and world-class, core services.”

The lockdown brought in to slow the spread of Covid-19 in 2020 had a dramatic impact on the global economy, not least because it has shifted long-held consumer behaviours that retailers are having to adapt to for survival. As a result, fast and efficient processes have become even more critical during the Covid-19 pandemic, as the move to e-commerce has been accelerated and is expected to remain. Digital resilience is therefore particularly important for the UK’s flagging retail sector.

Earlier in the year, the UK wing of professional services firm Grant Thornton forged another strategic collaboration with Konexo and DXC Technology, looking to provide an integrated solution to the Interbank Offered Rates transition. The collaboration aims to assist banks and borrowers with the complicated transition to an alternative rates benchmark before 2022.