BDO needed to build and launch a world-class cyber security center to protect clients.
BDO Israel got off to a fast start by acquiring a market-leading Israeli cyber security consulting firm, SECOZ. In the process, BDO Israel added 30 top cyber security experts, who formed the core of the firm’s new Cyber Security Center. The new service, built on the Micro Focus ArcSight security information and event management (SIEM) platform, went live in late 2016 and is now being rolled out to BDO’s global client base.
The cyber warriors at the heart of BDO Israel’s new Cyber Security Center offer the experience of hundreds of successful SECOZ engagements, many featuring the use of the ArcSight Activate Framework.
Cyber crime is projected to cost the world $2 trillion by 2019, according to a report by Juniper Research. Researchers at Cybersecurity Ventures predict that ransomware – a form of malware made infamous by the May 2017 “WannaCry” attacks – is expected to exceed $5 billion in damages in 2017.
To counter the surge in cyber crime, enterprises are moving away from prevention-only strategies to focus more on detection and response. In a recent report by Gartner, Inc., analysts noted that spending on information security is expected to hit $90 billion in 2017, an increase of 7.6 percent over 2016, and to top $113 billion by 2020. Spending on detection and response is expected to be at the top of the shopping list.