Deloitte boosts cyber analytics team with Converging Data
14 March 2019: Professional services firm Deloitte announced today that the founder and staff of boutique risk consulting business, Converging Data Australia, have joined the firm’s Risk Advisory practice.
Deloitte’s Managing Partner for Risk Advisory, Dennis Krallis, said: “Converging Data’s capability will scale up and accelerate Deloitte’s cyber analytics services, particularly enhancing our ability to offer clients expertise in Big Data, Artificial Intelligence, and Security Orchestration and Response (SOAR).
“Working in the areas of security, operational intelligence, and data analytics, as well as digital and IoT innovation, the Converging Data team will bring its deep domain expertise to help our clients keep pace with the continually evolving technology risk landscape. They will enhance and complement our existing investments in the design, build and running of bespoke Cyber Security Intelligence Operations Centres for clients.”
Converging Data is recognised as a leading and innovative Splunk partner in the Asia Pacific region and has a successful track record of delivering strategic outcomes for clients. Splunk Enterprise software is used by large enterprises for cyber security and monitoring suspicious events by searching, monitoring and analysing machine-generated big data via a web-style interface.
Deloitte’s Cyber leader for Asia Pacific, James Nunn-Price, said: “Today, businesses are investing in projects and programs that help them to monitor and stay alert to key risk events in real time – such as fraud, cyber security, compliance and financial crime. Converging Data use the Splunk analytics platform to converge IT operations, SOAR, application analytics, cyber security and IoT monitoring, providing clients with the opportunity to gain valuable insights from their technology investments.
“Converging Data’s unique methods and solutions, such as its Data Platform as a Service (DataPaaS) offering, enable it to build, deploy and deliver cyber analytics solutions at scale and speed using the Splunk platform.”
Incoming Deloitte Risk Advisory partner and Managing Director of Converging Data, Stuart Hirst, said joining Deloitte would help his team scale and achieve its goal of becoming the undisputed leader of Splunk services in Australia: “We have worked with Splunk since the day we started. It’s a very powerful tool for capturing and analysing the vast pools of data that large organisations have to deal with.
“We developed our DataPaaS solution to help clients rapidly scale and optimise Splunk tools and are looking forward to combining it with Deloitte’s global team of more than 300 Splunk professionals to help more Australian businesses benefit from the insights and benefits Splunk software can bring.”
The so-called ‘Fourth Industrial Revolution’ (or Industry 4.0) is increasing cyber risks for business. The convergence of physical and digital technologies, such as analytics, artificial intelligence, cognitive technologies, and the Internet of Things (IoT) – is creating digital enterprises that are both interconnected and capable of more informed decision-making, but are also more vulnerable to intelligent attacks.
Deloitte’s research report, Leadership in the Fourth Industrial Revolution: Faces of progress, found that two thirds of executives are more likely to invest in Industry 4.0 technologies to protect their business than use it to disrupt competitors and markets.