Panaseer and PwC UK bring together best-in-breed technology
and consulting services. Gartner recognised CCM as a new product category in
its 2020 Risk Management Hype Cycle and listed Panaseer as an inaugural vendor.
PwC UK was named a Leader in European Cybersecurity Consulting Services in the
Forrester Wave™ for European Cybersecurity Consulting Providers in Q4 2019.
Customers will be able to leverage executive reporting
dashboards from PwC UK, which are informed by continuously updated, accurate,
assurance metrics from Panaseer. Together the companies can meaningfully advise
and improve a customer’s risk posture. The collaboration combines PwC UK’s
strategic and executive reporting expertise with accurate and real-time
security data from Panaseer’s CCM platform.
This joint offering will reduce the risk of cyber incidents
and fines, whilst saving time and resource that is currently spent on security
reporting and compliance. By giving a holistic and quantitative view across the
entire technical security landscape, customers are able to complete robust risk
modelling and scoring to make risk-based diagnosis and decisions. They can also
prioritise investments based on risks that matter the most, which will maximise
RoI from risk reduction initiatives.
Charaka Goonatilake, CTO, Panaseer: “One of the biggest
challenges in cybersecurity is visibility. As the threat landscape expands and
regulatory pressures increase, it becomes even more important to be able to
have a continuous and accurate measurement, monitoring and reporting of cyber
risk. This is what CCM enables. Our collaboration with PwC UK takes it one step
further. By wrapping together our technology with its consulting services, risk
modelling good practices and executive reporting dashboards, we are enabling
customers to make critical decisions based on risk scoring and business
context.”
Philippe Korur, Cyber Risk Reporting Platform Lead, PwC UK
said: “Our cyber team is passionate about driving tangible value to our clients
through innovation and pragmatism. Through Panaseer’s CCM platform, our clients
can leverage existing tooling investments in order to effectively enable a
strong continuous control monitoring capability with minimal further
investment. This combined with our cyber risk advisory services and risk
reporting will enable our clients to get the best value and protection.”
Panaseer is the first Continuous Controls Monitoring
platform for enterprise security. It helps businesses make informed risk-based
security decisions. The company is aiming to become the security measurement
platform of choice for security, risk and IT leaders that are shifting to
data-driven programmes. Its clients include the world’s largest financial
institutions and critical infrastructure enterprises.
Panaseer recently scooped the award for ‘Best Regulatory
Compliance Tools and Solutions’ at the SC Awards Europe in 2020. Its total
funding to date is $15.6 million and backers include Evolution Equity Partners,
Notion Capital, Albion Capital, Winton Ventures, Paladin Capital Group and
Cisco Investments.
For more information: www.panaseer.com
At PwC, our purpose is to build trust in society and solve
important problems. We’re a network of firms in 157 countries with over 276,000
people who are committed to delivering quality in assurance, advisory and tax
services. Find out more and tell us what matters to you by visiting us at
www.pwc.com.
PwC refers to the PwC network and/or one or more of its
member firms, each of which is a separate legal entity. Please see
www.pwc.com/structure for further details.
For more information on PwC UK’s cyber security services,
please go to pwc.co.uk/cybersecurity.