PwC partners with cloud security firm Skyhigh Networks

16 November 2015 Consultancy.uk

PwC has agreed an alliance with Skyhigh Networks, a US-based cloud security company. As part of the partnership, the accounting and consulting giant will include Skyhigh Networks’ offerings as a standard proposition in its services portfolio.

In recent years the importance of (online) security has gone through the roof, thrust up by the rapid increase of digital consumers and online connected devices*, with on the flip side the rise of digital crime, lured by the great potential to get hold of (financial) gains. According to a recent report from internet security software giant McAfee, worldwide losses stemming from cybercrime hit £266 billion last year, with the less conservative estimate stating the damage caused could be as high as £342 billion – between 0.5% and 0.8% of global GDP.  Another study, by PwC UK, found that the average cost of a cybersecurity breach to a large organisation in the UK now stands at between £1.5 million to £3.14 million.

Worldwide losses stemming from cybercrime

Despite the high costs that come with cybercrime, and the growing awareness and effort put into fighting e-crime, several studies have of late shown that organisations are still not sufficiently prepared for cyber-attacks, in part due to the evolving nature of the domain, as well as the professionalisation e-criminals are undergoing. A recent study by EY for instance reveals that only 12% of managers believes their information security lines of defense fully meets the organisations’ needs. 

To gain better grasp of the phenomenon, organisations are turning to cloud security experts, such as Microsoft, HP, SAP and Skyhigh Networks, and services firms in the cybersecurity landscape that specialise in tackling (elements) of the IT security value chain. On the supply side, to meet demand, services firms are bolstering their expertise, footprint and portfolios – IBM for instance earlier this month teamed up with AT&T to launch a cloud-based cyber security offering, while Capgemini is spending an estimated £18 million to establish a dedicated security centre in Treforest, South Wales.

Skyhigh

In one of the latest moves by a consultancy to bolster its cloud security footprint, PwC – the globe’s largest accounting and consulting network – has joined forces with Skyhigh Networks, a California-based security specialist founded in 2011 (by Rajiv Gupta). The firm, not so long ago recognised by NetworkWorld as one of the top 10 security startups in North America, supports over 500 enterprises worldwide including Aetna, Comcast, Cisco and Western Union with gaining visibility into all cloud services in use and their associated risk. With the information, companies can gain more grip on shadow IT – which according to Atos daughter Canopy amounts to €13 million a year in large organisations – and at the end of the line reduce their proneness to cybercrime.

The partnership between the two companies follows existing ties. PwC and Skyhigh Networks have been working together for a while – PwC for instance last year struck a regional alliance with the security expert in Australia and New Zealand – and on the back of mutual satisfaction the firms have now decided to intensify their coalition. As part of the deal, PwC will add Skyhigh Networks’ service to the sales and implementation toolbox of its cybersecurity consultants. The move further boosts PwC’s cybersecurity offerings, giving them a more end-to-end edge, says Bram van Tiel, advisor at PwC in the Netherlands, and builds on a previous alliance with Tanium, another US-based IT security firm.

Bram van Tiel - PwC

Van Tiel: “Employees nowadays increasingly look for IT solutions outside the traditional boundaries of the IT department. Think for example of cloud services to store documents, enabling them to work remotely or at home. Although such solutions may benefit productivity and innovation, it also brings along risks. Through this partnership we can better support our clients with dealing with such types of questions.”

EY and Mycroft
In a similar push for a more complete cybersecurity portfolio, three months ago rival EY acquired Mycroft, a New York-based provider of cloud-based identity-as-a-service (IDaaS) and identity and access management (IAM) services. 

* According to a study by PwC, the number of connected devices globally will grow from around 9 billion today to around 50 billion in 2020.  

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Grey Consulting and Makerversity announce strategic partnership

05 April 2019 Consultancy.uk

Grey Consulting has forged a new alliance with Makerversity, a 500-strong community of the brightest creative innovators, headquartered at Somerset House, London. The partnership hopes to tap into the experimental community to develop pioneering solutions for Grey Consulting’s clients.

In August 2018, one of the world’s largest design agencies surprised the business world by launching a dedicated consulting outfit. The news came as the two industries continued on their trajectory towards a historic synthesis. The consulting industry has been engaged in a pitched battle with the advertising and design space for the past few years, as the former increasingly encroaches on the territory of the latter via a protracted campaign of mergers and acquisitions; but there had been little traffic moving in the other direction.

At its launch, Grey Consulting was not billed as a direct competitor to established consultancies. However, the firm behind the new entity hopes that its creative experience will give it a competitive edge in winning consulting business from its existing clients. The Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. Grey Consulting opened its doors with a view to aiding clients within the areas of business and brand design, innovation and digital transformations.Grey Consulting and Makerversity announce strategic partnership

Now, as the firm looks to further expand its footprint in the market, Grey Consulting has unveiled details of a ground-breaking new alliance with Makerversity, a 500-strong community of creative innovators headquartered at Somerset House, London. The alignment with Makerversity is hoped to unlock the potential of collaborating with one of the world’s most experimental communities.

Makerversity curates and convenes the best talent across product design, fashion, art and experimental architecture, sustainable materials, IoT, digital manufacturing, and coding. It provides spaces and workshops for professional makers to develop and create their work, supported by Somerset House Trust. The alliance is expected to enable Grey Consulting to develop pioneering solutions for its clients, together with innovators who make something amazing for a living, every day. 

Leo Rayman, Grey Consulting CEO, commented, “This gives our clients the potential to access a network of some of the most diverse and innovative individuals in the world today. Being so tightly connected to a community of makers means we don’t just develop transformational strategies but can quickly realise them in three dimensions. This sets Grey Consulting apart from the pure play strategy houses who are sometimes criticised for not making their thinking real at the pace modern businesses require.” 

Fiona Dent, CEO of Makerversity, added, “Makerversity acts as a catalyst for unexpected encounters, fostering collaborations between an incredible range of the brightest leading creators and innovators. Our experimental approach and engaged members, whose own practice is defining our world, create highly original new outcomes. We are delighted to bring this philosophy to a wider audience and generate interesting projects for Makerversity members through our partnership with Grey Consulting.”