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Symantec and Deloitte Establish Cyber Security Alliance in Switzerland
Value proposition aims to help organizations navigate complex regulatory and compliance laws in the new era of cyber attacks
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Symantec Corp. (Nasdaq: SYMC) in alliance with Deloitte in Switzerland announced today an innovative cyber threat vulnerability management service offering. The integrated offering will pair Symantec’s cyber intelligence and information protection technologies with Deloitte’s consulting services to help businesses address concerns around cyber security and information protection. The alliance will focus on growth markets across EMEA, including Switzerland as a priority region given its large focus on protecting the financial and pharmaceutical industries.
The emergence of sophisticated cyber threats has resulted in the need for managed cyber security services that can protect organizations and their assets from round-the-clock attacks. The impact following a data breach or security threat can have major consequences, damaging a business and brand reputation overnight. The unprecedented growth in digital communications, fuelled by the rise of mobile devices has made information management top of the agenda for today’s C-level executives. The latest cyber security technologies, training, skills and management all require ongoing investment that can be expensive and a drain on business resources. Symantec and Deloitte’s alliance will enable companies to outsource their cyber security to experts in the field for both technology and consulting services.
As part of the alliance, Deloitte’s enterprise risk services will be powered by Symantec Data Loss Prevention (DLP) and Managed Security Services (MSS) technologies. The services are managed by Deloitte consultants who will oversee the data lifecycle for the customer, offering a resilient incident management and response program. Threat alerts are remotely monitored and analysed via Deloitte’s Cyber Intelligence Centers, housing a full scale team of incident response experts and ethical hackers. The Cyber Intelligence Centers’ build bespoke risk profiles and in the process, effectively develop an efficient and customized security operations center for a business.
Commenting on the announcement, Frank Thonues, Regional Director for Switzerland, Austria, Czech Republic, Slovakia and Poland, Symantec, said: “In Deloitte, we have a trusted partner that can deliver against the volatile world in which they operate. Switzerland has witnessed an upsurge in cybercrime activity, with attacks on financial and chemical industries making headlines across the globe and leaving organizations exposed. The alliance enables clients to build a swift security response team that can be fully operational in hours.”
Providing greater visibility into the global cyber threat landscape offers customers peace of mind in the protection of their data. In the event of a security attack, a single point of contact to an expert is available as part of a global 24/7 team offering broad-ranging crisis management capabilities.
“Current security models often provide minimal defense against cyber criminals; part of the key to addressing these risks is recognising that cyber threats are in fact not a technology problem but rather a business risk with strategic implications,” said Mark Carter partner in charge of Cyber Risk Services in Deloitte in Switzerland. He added: “Outsourcing the security operations to highly skilled consultants can allow clients to remain confident they are kept safe with best-in-class technologies and people. We are excited to work closely with Symantec and bring the two brands side-by side to deliver a unique service to the market.”
Zurich, November 10, 2014
Symantec Corporation (NASDAQ: SYMC) is an information protection expert that helps people, businesses and governments seeking the freedom to unlock the opportunities technology brings -- anytime, anywhere. Founded in April 1982, Symantec, a Fortune 500 company, operating one of the largest global data-intelligence networks, has provided leading security, backup and availability solutions for where vital information is stored, accessed and shared. The company's more than 20,000 employees reside in more than 50 countries. Ninety-nine percent of Fortune 500 companies are Symantec customers. In fiscal 2014, it recorded revenues of $6.7 billion. To learn more go to www.symantec.com or connect with Symantec at: go.symantec.com/socialmedia.
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About Deloitte in Switzerland
Deloitte is a leading accounting and consulting company in Switzerland and provides industry-specific services in the areas of audit, tax, consulting and corporate finance. With approximately 1,300 employees at six locations in Basel, Berne, Geneva, Lausanne, Lugano and Zurich (headquarters), Deloitte serves companies and institutions of all legal forms and sizes in all industry sectors. Deloitte AG is a subsidiary of Deloitte LLP, the UK member firm of Deloitte Touche Tohmatsu Limited (DTTL). DTTL member firms comprise of approximately 210,000 employees in more than 150 countries around the world.
Note to editors
In this press release references to Deloitte are references to Deloitte AG, a subsidiary of Deloitte LLP, which is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.com/ch/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP and its subsidiaries are leading business advisers, providing audit, tax, consulting and corporate finance services through more than 14 000 exceptional people across the UK and Switzerland. Known as an employer of choice for innovative human resources programmes, it is dedicated to helping its clients and people excel.
Deloitte AG is an auditor firm recognised and supervised by the Federal Audit Oversight Authority (FAOA) and the Swiss Financial Market Supervisory Authority (FINMA).
The information contained in this press release is correct at the time of going to press.