Tag: PwC

PwC partners with ReversingLabs

Posted on March 28, 2023 by - News

Management consultants PwC, has partnered with ReversingLabs to provide a new automated platform to protect supply chains

In the UK, PwC provides specialist Third Party Risk Management (TPRM) services to enterprise businesses to help them identify, mitigate and monitor the risks most impactful to their operations. Businesses are becoming concerned about potential exposure to risk from third-party software and solutions compromised by malware or other threats.

PwC has responded to this by partnering with ReversingLabs to address the security risks inherent in third party software.

The partnership combines PwC’s TPRM capabilities and consultancy services with ReversingLabs’ automated platform to quickly detect and mitigate threats within software. Providing greater protection against sophisticated attacks on the software supply chain.

 

19 Oracle companies bust $15.4 billion from cloud

Posted on May 23, 2022 by - News

Gartner’s 2022 Magic Quadrant For Oracle Cloud Application Services show that 19 Companies Generate $15.4 billion between them

Big G said that demand for Oracle Cloud application services continues to increase as total annual cloud revenue for the company currently stands at over $11 billion, growing at a double-digit clip year after year.

A big chunk of the cash in Oracle cloud sales growth accruing for many large channel partners including the likes of Accenture, Deloitte, PwC, and Tata Consultancy Services (TCS), according to Gartner’s new 2022 Magic Quadrant for Oracle Cloud Application Services, Worldwide.

Just 19 vendors who made Gartner’s Magic Quadrant cleaned up earning $15.4 billion in total revenue from Oracle cloud application services last year, up from $12.5 billion year over year.

Security incidents soar by 48 percent

Posted on September 30, 2014 by - News

PwC logoA report from PwC said the number of reported security incidents with tech rose 48 percent in 2013 to hit 42.8 million attacks.

That, said PwC, is equal to 117,339 attacks every day.  The Global State of Information Security Survey said the compound annual growth rate (CAGR) has increased by 66 percent year over year since 2009.

But the reported security breaches and the cost are probably just the tip of the iceberg, according to David Burg, PwC’s cybersecurity supremo.  “The actual magnitude of these breaches is much higher when considering the nature of detection and reporting of these incidents,” he said.

PwC said that large organisations with annual revenues of $1 billion or more detected 44 percent more incidents this year.  But medium sized organizations, which PwC defines as having revenues of $100 million to $1 billion saw a 64 percent increase.

But even though the breaches have increased, the amount of money devoted to security fell by four percent compared to 2013.

But high profile attacks by nations, gangsters and competitors are the lest frequent incidents yet the fastest growing. The survey claimed a compromise by nation states increased by 86 percent, while there was a 64 percent increase in security incidents associated with competitors.

Only 49 percent of respondents said their organisations had a cross enterprise team to dicuss, coordinate and communicate info security concerns.

EU firms complacent on data risk

Posted on July 2, 2013 by - News

ironmountainCABusinesses, overwhelmed by an ever increasing surge of data to deal with, are in danger of becoming complacent about data loss.

A survey from Iron Mountain and PwC has determined there is an increasing awareness in information risk, but many SMEs just don’t have the tools in place to deal with the reams of data and in multiple formats. There is also a danger of more sophisticated security threats as well as needing to treat information management as essential to business.

Under half of businesses surveyed in the 2013 Risk Maturity Index said they had a strategy in place for measuring and combating information risk – even as the average number of data breaches increase by 50 percent each year.

Of those asked, over half were so overwhelmed by the threat of data breaches that they acknowledge they’ll never be able to keep up, while 41 percent said data loss is an “inevitable part of daily business”.

Evaluating 600 European SMEs with between 250 and 2,500 employees, across the legal, financial, pharma, insurance, manufacturing and engineering sectors, there was some improvement compared to last year in understanding information risk. Using a set of metrics based on the amount of data protection in place, it rates companies at a target score of 100. This year European companies scored an average of 56.8 compared to 40.6 last year, but clearly there is a long way to go.

PwC Risk partner Claire Reid said that businesses will have to embrance a “new way of thinking” – where data security will be a top priority and also a way to create value.

Ad market to grow £3 billion, hit £17 billion by 2017

Posted on June 6, 2013 by - News

billboardThe UK advertising market is getting a shot in the arm from online operations and it is expected to grow by £3 billion by 2017, reaching £17 billion. According to a new report from PricewaterhouseCoopers (PwC) the UK entertainment and media market will grow at a compound annual growth rate (CAGR) of four percent between 2013 and 2017, reaching £65.5 billion, up from £54 in 2012.