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Deloitte

Accountancies take lion’s share of cyber security recruitment

960 640 Stuart O'Brien

The UK’s so-called ‘Big Four’ accountancy firms account the for majority of cyber security recruitment in the country.

Job search site Indeed.com has released data that shows PwC, KPMG, EY and Deloitte take the top four places in its Top 10 ranking, ahead of the likes of Vodafone, Aviva and Barclays (see table below).

Indeed says the introduction of regulations such as GDPR have driven much of this demand, with the accountancies being asked to consult on the implications for many firms.

As an illustration of this growth, Indeed it has seen an increase of 14.58% for job postings for security roles per one-million vacancies on its site.

Bill Richards, UK MD at Indeed, said: “Every aspect of a modern company relies on its IT and the growing threat of cyber attack and tightening of privacy laws means demand is rising fast for professionals who are able to protect companies’ most precious information.”

“The critical importance of their work, the skill and discretion it requires, and strong demand from employers have combined to drive up cyber professionals’ salaries. Cyber security is both a hot topic and a lucrative profession right now.”

Cyber roles as % of job postings 2018

1 KPMG 5.95
2 PwC 5.08
3 EY 1.99
4 Deloitte 1.47
5 Vodafone 1.46
6 Hastings Direct 1.43
7 Aviva 0.78
8 Capita 0.75
9 Barclays 0.66
10 Capgemini 0.66

Source: Indeed.com

LORCA reveals second cohort intake

960 640 Stuart O'Brien

A second cohort has been announced by LORCA, focussing on securing supply chains and user-centric security.

LORCA (London Office for Rapid Cybersecurity Advancement) has selected 11 companies with relevant solutions looking to scale, either domestically or internationally, with the LORCA team offering support at its innovation centre, Plexal, along with access to experts from Deloitte’s Cyber Risk Service teams and the Centre for Secure Information Technologies (CSIT) at Queen’s University, Belfast.

Lydia Ragoonanan, LORCA’s Director, said: “We’re thrilled to welcome these high-potential UK companies that have genuinely promising solutions to the biggest industry challenges in cybersecurity. The engagement from industry in the development and selection process ensures that the cohort has clear markets to scale into and is addressing the cyber challenges that will make the most difference to industry. Following on from the success of first cohort, we look forward to seeing these 11 companies grow and thrive.”

The 11 members of the second cohort are:

• CyNation
• RazorSecure
• Bob’s Business
• Cypto Quantique
• OutThink
• Distributed Management Systems
• ObjectTech
• Xanadata
• CyberSmart

Minister for Digital Margot James said: “This latest round of companies selected by LORCA highlights how the UK continues to be at the forefront of cyber innovation. Supporting these businesses through all stages of their growth will help make the UK the safest place to be online and ensure that through the government’s modern Industrial Strategy the UK maintains its position as a world leader in cybersecurity.”

Deloitte hit by cyber hack

960 640 Stuart O'Brien

Global accountancy firm Deloitte has been hit by a targeted hack, resulting in confidential emails and client plans being compromised.

The attack is thought to have gone unnoticed for several months before the firm being alerted in March this year.

The Guardian reported that the accountancy giant was the victim of a sophisticated hack that revealed confidential information regarding clients, including multinational companies, media enterprises and government agencies.

Six of Deloitte’s clients have been informed that they have been “impacted” by the hack. An internal investigation is ongoing.

Discussing the hack, a spokesperson for Deloitte said: “In response to a cyber incident, Deloitte implemented its comprehensive security protocol and began an intensive and thorough review including mobilising a team of cybersecurity and confidentiality experts inside and outside of Deloitte.

“As part of the review, Deloitte has been in contact with the very few clients impacted and notified governmental authorities and regulators.

“The review has enabled us to understand what information was at risk and what the hacker actually did, and demonstrated that no disruption has occurred to client businesses, to Deloitte’s ability to continue to serve clients, or to consumers.

“We remain deeply committed to ensuring that our cybersecurity defences are best in class, to investing heavily in protecting confidential information and to continually reviewing and enhancing cybersecurity. We will continue to evaluate this matter and take additional steps as required.

“Our review enabled us to determine what the hacker did and what information was at risk as a result. That amount is a very small fraction of the amount that has been suggested.”