PwC partners with cloud security firm Skyhigh Networks

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 hit the roof, thrusted 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.Despite the high costs that come with cybercrime, and the growing awareness and effort put into fighting e-crime, several studies have off 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 believestheir information security lines of defense fully meets the organisations’ needs.  For the full article click here 

from cyber security caucus http://ift.tt/1HOjLDJ
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