Deloitte boosts cyber-attack vigilance in CanberraDOWNLOAD
12 September 2013: As global businesses and government require ever-increasing vigilance against the threat of cyber-attacks, Deloitte is pleased to announce the appointment of Sid Maharaj as Partner, Technology Risk Services in Canberra.
The head of Deloitte Australia’s Public Sector industry team, Andrew Johnstone-Burt, said Deloitte is well placed to address the upswing in the need for data security advice and support across federal government departments, as well as businesses.
“Sid’s depth of expertise and experience will enhance our ability to provide dynamic solutions in this space,” Johnstone-Burt said.
Deloitte’s leadership in cyber-security was boosted this year with the acquisition of Vigilant, a specialist security monitoring and cyber threat intelligence business. The firm was also recently voted a leading cyber security business by Gartner globally.
“Demand for technology risk advice is growing globally and in particular in the Public Sector,” Andrew Johnstone-Burt said. He said Maharaj’s appointment in Canberra would expand Deloitte’s capacity to service this burgeoning market.
Joining from Deloitte South Africa, Maharaj led the Technology Assurance and Advisory team in Johannesburg, which included data analytics, forensics, internal audit and risk management services.
Maharaj warned the risks brought about by global technological change are very real. He said these risks include hacktivism and cyber-activism. “In a series of global sectoral surveys conducted by Deloitte, participants in the United Kingdom cite hacktivism and cyber-activism as the highest threat. In addition state or industrial espionage is cited as the greatest threat in the US. It is also perceived as a significant threat here in Australia and the Asia Pacific region.
“These growing cyber risks are increased across the board as new technologies arrive with their risks.” Maharaj said.
“Initiatives such as Bring Your Own Device (BYOD) to work are now becoming common practice. While these are meant to bring increased productivity and employee satisfaction, they also introduce myriad risks to organisations,” he said.
“Given the pace of change, enterprises understand that safeguarding their all-important business data banks, requires a different approach to cyber-resilience.
“Our experience shows that strengthening the risk management capabilities of people, processes and technology must be built on intelligent security rather than just information security,” Maharaj said.
“Digital technology is intrinsic to business. Yet for all its benefits it can also present significant risks to revenue streams, share prices, the regulatory environment, to brand reputations and, of greatest concern, to national security.”
“The good news is that clients can be informed, prepared and empowered to mitigate these risks,” Maharaj said.
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