Business leaders can no longer ignore cyber threats. Cyber crime is profitable – very profitable. The resulting cost to the global economy is an estimated $1-1.5 Trillion and perpetrators generally evade prosecution and avoid penalties. As such, the very foundation of modern society increasingly depends on our ability to protect digital assets. With the risks of being caught and prosecuted small, it isn't a question of whether an attack will happen, but when.
A well-developed ecosystem provides support to criminals via tools such as 'crime as a service', help-desks, or anonymous marketplaces to monetise stolen assets. The attackers themselves are sophisticated and frequently have resources and budgets that eclipse many corporate security departments.
These drivers of cyber crime come upon IT systems that are inherently difficult to protect: Credulous users who click on links and attachments; high staff fluctuation; changing operating models; heterogeneous and complex IT landscapes; legacy technology; continuous innovation via cloud, mobile, Internet-of-Things, or digital transformations all add to the complexity of protecting today’s IT systems. Due to these headwinds, even conceptually simple tasks such as patching become complex and leave us in a situation where the majority of cyber attacks exploit known vulnerabilities.
Now consider that CISOs, CIOs, CFOs and even CEOs are being held accountable for cyber security and have had to leave their posts after major cyber incidents. The inevitable conclusion is that too much is at stake, both personally and economically and that executives – irrespective of their specialization in HR, Finance, Technology, Legal, or Business – have to understand cyber risk, how it affects their jobs, and what their role is in defending against it.
While there is no “silver bullet” for security, our experience shows that a structured and holistic approach to managing cyber risk delivers the best protection within the time, budget, and organizational constraints that our clients face. In concrete terms, this means focusing on strategy as well as being secure, vigilant and resilient.
The current state of cyber security
Minimise financial losses, which range from millions for average incidents, to hundreds of millions for large incidents, and total business failure for catastrophic cyber incidents
Protect brand, reputation, and market trust
Comply with regulatory requirements
Reap the upside of digital innovation while managing the downside of increasing cyber exposure
Safeguard personal careers against allegations and accusations in the event of cyber incidents
Our professionals hold recognized industry certifications, such as CISSP, CISM, ISO27001, COBIT, ITIL, CDPP, and CEH. Moreover, their achievements earned them important awards including 1st prize for six years in a row in the Global CyberLympics.
Gartner, the world's leading information technology research and advisory company, ranked Deloitte #1 globally in Security Consulting Services, based on revenue. Source: Gartner, Market Share Analysis: Security Consulting, Worldwide, 2016, Jacqueline Heng, May 2017.
Our strategic security alliances with organisations such as Symantec, IBM, Sailpoint, Okta, Cyberark as well as the Startup ecosystems in Israel and the US allow us to bring the latest innovations to our clients.
Lead Partner, Cyber Risk Services
+41 58 279 6231
Partner, Vigilance & Resilience Service Lead
+41 58 279 6910
Director, Strategy & Security Service Lead
+41 58 279 6085
Director, Cyber Risk Services, Basel region
+41 58 279 9027