Accenture Strengthens Security Portfolio By Acquiring Context Information Security

Infosecurity | March 09, 2020

Accenture Strengthens Security Portfolio By Acquiring Context Information Security
  • Context Information Security is the latest in a string of acquisitions done by Accenture.

  • Context offers high-end cybersecurity, intelligence-driven red teams, vulnerability research and incident response services.

  • Accenture has now further strengthened its security portfolio.

Accenture has acquired one of the UK's most recognized and respected information security service providers, Context Information Security for an undisclosed sum from former parent company Babcock International Group. Founded and headquartered in London, Context has offices in Sydney and Melbourne and is headed up locally by Asia Pacific managing director Kirk Stephen.


Context Information Security is the latest in a string of acquisitions done by Accenture. In January, it acquired Symantec’s cybersecurity services business. With the acquisition of Context, Accenture has added more firepower to its already powerful portfolio that includes déjà vu Security, iDefense, Maglan, Redcore, Arismore, and FusionX.



This acquisition is an excellent match for us, combining a group of highly skilled cybersecurity professionals globally while providing differentiated services to clients in the UK market. The deal signals continued aggressive growth for Accenture Security and gives us a new branch of talented family members to help clients grow their business with confidence and resilience

- Kelly Bissell, Senior Managing Director, Accenture



Context offers high-end cybersecurity, intelligence-driven red teams, vulnerability research and incident response services. It has involved in handling some of the most advanced incident response cases in the industry. Context has a client base spanning multiple industries including financial services, government, aerospace and defense, infrastructure and more.


READ MORE: Singapore announces cyber command to defend on the cyberspace frontier


Acquisition of Context makes it a part of the Accenture's cyber-defense offerings, strengthening its security's existing portfolio.



Context has a remarkable set of cybersecurity skills, capabilities and reputation in the UK as well as in the international financial services industry to complement the growth we have already driven for more than a decade in this market. We are excited to welcome this talented group of professionals that share a common vision of providing world-class cybersecurity to our clients.

- Nick Taylor, UKI lead, Accenture Security



"Accenture’s industry-focused approach across adversary simulation, red teaming, incident response and more, matches Context’s own strategy. Accenture’s family culture is a great fit for Context," said Context Information Security’s chief executive officer, Mark Raeburn.


Context Information Security was founded in London in 1998 and presently has more than 250 employees with offices in Australia, Germany and the United States.


READ MORE: Imperva uses AI to block AI-weaponised cyber threats

Spotlight

Proofpoint security researchers have published an analysis that exposes the inner workings of a cybercrime operation targeting online banking credentials for banks in the United States and Europe. This Proofpoint research report provides a detailed and rarely seen inside view of the infrastructure, tools and techniques that enabled this cybercrime group to infect over 500,000 PCs.

Related News

New Security Challenges for Organizations Having Larger Remote Workforces

Tripwire | August 18, 2020

At the outset of the global coronavirus 2019 (COVID-19) pandemic, many organizations decided to enforce social distancing by requiring that their employees begin working from home. This decision changed the fundamental way in which many employees were accustomed to working. It also created new security challenges for organizations that had larger remote workforces. Tripwire wanted to learn the specifics of these challenges, so it commissioned Dimensional Research to 345 IT security professionals about them in mid-April 2020. As reported by Business Wire, a majority of respondents (58%) indicated that employee home network security was one of their areas of higher concern followed by increased attacks (45%), difficulties in keeping remote systems configured securely (41%) and obstacles with keeping remote systems compliant (38%). Reflecting on the difficulties of keeping remote workers safe, 89% of survey participants said their job was harder as a result of the new work-from-home policy. Nearly half (49%) blatantly said they couldn’t effectively secure employees’ home offices, leading 65% of respondents to admit their belief that their security was worse because of COVID-19.

Read More

DATA SECURITY

When Safeguarding Digital Communications,IT Security Leaders Come Across Continued Vulnerabilities

SafeGuard Cyber | July 13, 2021

The only SaaS platform dedicated to managing the entire lifecycle of digital risk protection, SafeGuard Cyber, has released conclusions from a survey of 100 IT security leaders about their safeguarding digital communications and digital risk processes. The finding of the survey indicates that cybersecurity leaders recognize what is required for adequate digital risk protection. But, they are still dealing with boundaries and susceptibilities in defending these communications, such asthird-party cloud application engagement. The survey was conducted in June 2021 in coordination with the research community Pulse. The main point covered in the survey was uncovering how cybersecurity leaders are managing digital risks on third-party applications. In addition, the survey was also focused on recognizing who owns the responsibility for securing them and what all can be done to progress their administration's security posture for various cloud applications. 100 senior enterprise IT and security professionals from companies with over 5,000 employees were included in the survey. The main findings from the survey include: • The biggest challenge for security leaders, who targets to uphold security and compliance across all professional communications, is lack of visibility (39%) • Security leaders are most concerned about data loss (46%) regarding digital communication risks, followed by malware and ransomware attacks (37%). • Only 10% of cybersecurity leaders have a tech stack that provides complete visibility for detecting and responding to threats in cloud applications outside of their network. • Security leaders often restrict access as a means of managing risk where they lack granular visibility. For example, to ensure security and compliance on social media, collaboration, and mobile chat applications, most security leaders (77%) turn to tools that restrict access to third-party communication apps. About SafeGuard Cyber  SafeGuard Cyber guards the human connections establishments need to flourish in a digital world. The cloud-native SafeGuard platform authorizes the secure and compliant acceptance of social, mobile, and cloud-based communication channels at the scale of worldwide corporate. With SafeGuard, customers gain business agility with better security and time to value. Current customers include small businesses, Global100 enterprises, municipalities, and various national governments.

Read More

SOFTWARE SECURITY

Lookout and CipherCloud Together are Ready to Redefine Security from Endpoint to Cloud

Lookout | March 15, 2021

In the current event, Lookout, Inc announced that it had acquired CipherCloud. Lookout, Inc is a leading cybersecurity company. It is now joining hands with CipherCloud, a leading cloud-native security company, operates in the emerging Secure Access Service Edge (SASE) market. They both blaze a new path together to combine and create an integrated endpoint-to-cloud security solution. By this combination, Lookout will be in a unique position to deliver the industry's first end-to-end platform that will secure an organization's entire data path from an endpoint to the cloud. This will later empower customers with a single source of unified policies and provide end-to-end security to accelerate their digital transformation. CipherCloud solutions are related to several developing SASE categories. This includes Secure Web Gateway (SWG), Zero-Trust Network Access (ZTNA), Cloud Access Security Broker (CASB), and Data Loss Prevention (DLP). Together these solutions will deliver data security, comprehensive visibility, threat protection, and compliance for cloud-based applications. Familiar to this, CipherCloud has already been providing services to many of the world's largest global enterprises and government institutions seeking protection and security through cloud technology. The purpose of this integrated endpoint-to-cloud security solution is accelerated by the adoption of cloud applications, proliferation of remote users, data transitioning of the corporate data center into the cloud, and more network traffic flowing to public cloud services. To tackle the security challenges caused by the above trends, businesses in this industry need a cohesive platform that can track activity and enforce policies from the endpoint device to cloud-based applications. And the need to stop zero-day attacks on data information across the entire end-to-end path, this integrated solution can fill the gaps immediately, keeping all information secured in one place. Jim Dolce, CEO of Lookout, highlights this acquisition. Gartner forecasts that the SASE market will nurture at a CAGR of 42% over the next five years and would reach almost $11 billion by 2024. With the acquisition of CipherCloud, Lookout is head-on with the transformation to cloud infrastructure and is in a unique position to deliver value to its customers. Besides all, the integration of CipherCloud and Lookout technologies will also remove friction, augment usability and convenience, enable user freedom and reduce operational costs compared to a collection of siloed point products. The integrated Lookout platform will authorize a growing number of businesses to deliver critical applications to users working anywhere securely. Jim Dolce, CEO, Lookout, puts his words expressing his version about this acquisition. He says that "We couldn't be more excited to welcome the CipherCloud team to Lookout. Our two organizations share a common passion for accelerating cloud adoption with cloud-native solutions that secure critical data." Joining hands with CipherCloud is the next phase of our enterprise market expansion. By this, we will be extending our reach from endpoint into cloud, where the applications and data reside. Through this combination, we will deliver endpoint-to-cloud security by keeping elements of our solutions together into a single cloud-delivered offering." Apart from this, Pravin Kothari, Founder, and CEO, CipherCloud, also speaks, "as a pioneer of the Cloud Access Security Broker market, CipherCloud has allowed organizations worldwide to achieve their digital transformation. Today, we take the exciting next step on the road to SASE by integrating our strengths with Lookout to deliver endpoint-to-cloud security for the modern workforce."

Read More

Spotlight

Proofpoint security researchers have published an analysis that exposes the inner workings of a cybercrime operation targeting online banking credentials for banks in the United States and Europe. This Proofpoint research report provides a detailed and rarely seen inside view of the infrastructure, tools and techniques that enabled this cybercrime group to infect over 500,000 PCs.