ParaFlare and Deloitte unite to advance Australian cyber security

1 FEBRUARY 2024:  Today, ParaFlare and Deloitte join together to bring the highest level of cyber security protection to Australian businesses and organisations.

The ParaFlare team of 66 people are joining Deloitte, including Chief Executive Officer Adam McCarthy and Chief Technology Officer Frank Santucci, who join as Deloitte partners.

ParaFlare and Deloitte have worked together in the cyber security area for several years. Both businesses have a strong background in Defence and intelligence and have a shared vision to increase Australia’s security and resilience through advanced cyber capabilities.

Together, Deloitte and ParaFlare offer around-the-clock threat detection, cyber threat intelligence, incident response, recovery and remediation.

Deloitte Australia CEO Adam Powick said: “We’re really proud to have one of the country’s leading Cyber Managed Detection and Response providers join our growing cyber practice to offer sovereign cyber security services.

“This clearly demonstrates our intent to continue to invest in the areas that are a high priority for our clients and to be a true market leader in key domains like cyber security.

“Through this partnership, Deloitte has stepped up its commitment to offer advanced active cyber defence capabilities to protect Australian businesses and organisations from growing cyber threats.”

Adam McCarthy, Deloitte’s newest Cyber Partner said: “We’re excited to bring our team of experts to Deloitte, and work together to bring the highest level of cyber protection to our customers, and solve complex cyber challenges that contribute to our national security.

“Cyber threats continue to find new ways to infiltrate our lives. Deloitte is committed to innovating and investing in advanced capabilities to gain an edge over cyber threat actors and help Australia to realise its potential as a world leader in cyber security.”

Deloitte has a cyber practice of more than 680 people in Australia, including 48 partners and 640 staff with further growth expected to keep pace with increasing client demand. Deloitte Australia also has access to the firm’s global network of cyber industry experts and expertise.

Background

Adam McCarthy and Frank Santucci started their cyber careers in the Australian Army in 2001, and both served with special forces. They served on multiple deployments, including several tours of Afghanistan.

In 2016, they founded ParaFlare with a determination to bring the same cyber protection used within the Australian Defence Force to businesses and organisations. As cyber threats continue to increase in scale and frequency, two sovereign businesses – ParaFlare and Deloitte Australia – will join forces to step up the fight against the growing cyber threat faced by Australia. 

Terms are confidential.