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Technology / Cybersecurity

EY splashes $20m on predicting cyber attacks

The professional services firm Ernst & Young is investing $20 million over five years to create a Managed Security Operations Centre.

This investment will provide the facility with the capabilities to predict and mitigate cyber attacks through technical upgrades and will increase the number of IT security professionals to around 1,200 – a six-fold increase.

The tactics employed by the centre will be to offer log aggregation and monitoring capabilities as well as the integration of commercial off-the-shelf tools to provide insight into technologies within customers’ networks.

EY will offer an advanced security analytics platform, which will provide a client portal to aid with visibility of the managed centre.

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Ken Allan, global information security leader, EY, said: "We have entered an era of targeted cyber attacks. They have increased in number and sophistication to the point that they now make the headlines on a daily basis."

With companies such as EMC and HP calling security a Big Data issue in recent months, the use of Big Data analytics in security is likely to grow as companies search for a way to combat security threats.

Paul van Kessel, global risk leader, EY, said: "The question is not if your company will be breached, or even when. More than likely it has already happened."

This article is from the CBROnline archive: some formatting and images may not be present.