Welcome!

News Feed Item

Deloitte launches "Secure.Vigilant.Resilient." approach to cyber risk to help complex organizations reap benefits of growth and innovation

NEW YORK, Feb. 20, 2014 /PRNewswire/ -- Despite heightened attention to cyber security and unprecedented levels of security investment, the number of cyber incidents – and their associated costs – continues to rise[1], and adversaries continue to evolve their attack techniques. As the challenges to secure complex enterprise and public sector environments continue to mount, Deloitte, an acknowledged market leader in security, privacy, and resilience solutions, today announced its new Secure.Vigilant.Resilient. approach to help organizations maximize business performance through a cyber risk management program that extends beyond traditional information security practices.

(Logo: http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a )

Deloitte's Secure.Vigilant.Resilient. approach acknowledges that with perpetual change and increasing complexity, it is economically infeasible for organizations to be 100 percent secure. It remains critical to invest in cost-justified and risk-prioritized security controls, but it is equally important – if not more important – to focus effort on improving threat visibility and detection, and responding more rapidly and effectively to reduce the impact of cyber incidents. Secure.Vigilant.Resilient. efforts require strong executive guidance and governance processes, and the creation of an active defense culture throughout the organization.

Simultaneously, Deloitte announced it has changed the name of its Security, Privacy, and Resilience practice to Cyber Risk Services, reflecting awareness that gaining ground in the battle against cyber threats is fundamentally a risk management challenge.

Cyber Risk Services is an integral component of Deloitte's risk advisory services business, the market leader in providing end-to-end risk advisory services. Deloitte's risk advisory services business helps organizations build value by taking a risk intelligent approach to managing financial, technology and business risks. This approach helps organizations focus on areas of increased risk, bridge silos to effectively manage risk across organizational boundaries and pursue not only risk mitigation but also intelligent risk taking as a means to value creation.

"Senior executives are flooded with news and information about the damages that cyber incidents can inflict, but this in itself doesn't help them move forward," said Ed Powers, the national managing principal for Deloitte's Cyber Risk Services practice. "The fact is that innovation and cyber risk are inextricably linked; cyber risk is an inherent byproduct of virtually every growth and efficiency effort. The recent spate of attacks waged through point-of-sale systems is a case in point. Electronic payments processing has heralded new levels of efficiency for retailers and their customers – but the attendant risks can exact significant costs, both direct and indirect."

"Our approach helps organizations gain confidence in their ability to innovate by helping them be better prepared for potential cyber incidents. Through a Secure.Vigilant.Resilient. program, they can embrace cyber risk management not as a necessary evil, but as a positive and an integral component of strategic planning that supports the achievement of their core mission and strategic objectives," Powers added.

The underpinning concepts for the framework are spelled out in a new point of view paper entitled, "Changing the game on cyber risk: the imperative to be secure, vigilant, and resilient." www.deloitte.com/us/cyberrisk

To get started, leaders of the organization need to understand the key threats prevalent in their industry and specific to their organization. By reviewing potential actors and their motives, they can establish program components that better prevent impact by known threats, and also be better equipped to anticipate what might happen in the future, and respond more nimbly when incidents occur.

Deloitte Cyber Risk Services – Leading From the Front

Deloitte's Cyber Risk Services comprises more than 1,500 professionals focused in cyber risk, information security, privacy and business resilience. Deloitte is recognized by Forrester Research, Inc. as a leader in information security consulting services[2] and ranked No. 1 globally and in North America in security consulting, based on revenue by Gartner.[3], [4]

Today's announcement follows a series of aggressive activities Deloitte initiated in 2013 to build upon its position as the clear market leader. Deloitte acquired the assets of Vigilant, Inc. last spring.  Renamed Vigilant by Deloitte, this segment of the practice specializes in cyber risk detection, situational awareness, and cyber threat intelligence, providing consulting, managed services, and information services that help organizations detect and respond to emerging cyber threats.

Former senior-ranking Federal Bureau of Investigation (FBI) Special Agent in Charge Mary E. Galligan, who supervised some of the FBI's largest and most high profile investigations – including the September 11th terrorist attacks, joined Deloitte's Cyber Risk Services practice last fall. The addition of Galligan, who retired from the FBI after more than 25 years' service, brought a national security and law enforcement leadership to the incident response portion of the cyber security equation.

Deloitte served as the objective observer of the Securities Industry and Financial Markets Association Quantum Dawn 2 simulated systemic cyber attack on the U.S. financial system and co-authored the after action report that identifies ways to improve the industry's responses to cyber events.

Most recently, Deloitte helped the National Institute of Standards and Technology (NIST) to develop a Cybersecurity Framework to reduce cyber security risks for critical infrastructure. The NIST Framework, mandated by an Executive Order signed by President Obama one year ago, is based on five core functions: identify, protect, detect, respond and recover, which is consistent with Deloitte's Secure.Vigilant.Resilient. cyber risk management approach.

About Deloitte's Cyber Risk Services

Deloitte's market-leading Cyber Risk Services practice helps organizations address pressing and pervasive strategic information and technology risks, such as cyber security, data leakage, identity and access management, data security breaches, operational resilience and system outages, privacy and application integrity. Deloitte provides industry-tailored solutions, using demonstrated methodologies and tools in a consistent manner, with the goal of enabling ongoing, secure, and reliable operations across the enterprise. Deloitte can help lead your organization to an agile, rapid risk response approach to enable greater insight and informed business decisions tied to business value. Our breadth of capability across risk management, IT consulting and organizational transformation allows us to define an approach that can efficiently and effectively align people, process and technology.

As used in this document, "Deloitte" means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

[1] "Cost of a Security Breach," Ponemon Institute, 2013

[2] "The Forrester Wave™: Information Security Consulting Services, Q1 2013," Forrester Research, February 1, 2013

[3] Source: Gartner, Market Share Analysis: Security Consulting, Worldwide, 2012, Lawrence Pingree, 16 May, 2013.

[4] References by Forrester Research, Inc. and Gartner are to the security & privacy practices of the member firms of Deloitte Touche Tohmatsu Limited, including those member firms outside the U.S., in the aggregate.

 

SOURCE Deloitte

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.