PwC’s growing cyber security practice recruits new partner from Barclays Bank
Published at 00:01 AM on 11 October 2013
Richard Horne, former managing director of cyber security at Barclays Bank, is joining PwC as a partner in its cyber security practice.
Richard, who joins after 12 years with Barclays, formerly as director of electronic protection and chief operating officer for global IT operations, comes on board at a time when PwC is investing heavily in its growing cyber security practice. Richard spent a year seconded to the UK Cabinet Office, helping to shape and drive the national plan for cyber security, both in government and across the wider economy.
Richard will work across PwC’s business and clients, reflecting the interconnected nature of the digital world in which business and government operate.
Richard Horne, cyber security partner at PwC, said:
“I’m delighted to be joining PwC. I have been really impressed by the quality, skills and dedication of the people I have met here and the commitment of the firm to do the right thing for their clients in building their cyber security capabilities.
“PwC recognises the growing importance of cyber security and helping businesses tackle the cyber risks and threats they face – starting at the top with the Board. I am looking forward to working with business leaders to help them identify and protect what is most critical for their organisation’s growth.”
John Berriman, chairman of the cyber security practice at PwC, said:
“Richard brings with him a wealth of experience. We look forward to working with him to develop our services for companies who are increasingly aware of how important it is to protect their digital transactions and data – the crown jewels in their business – at a time when the security risk to business revenue and reputation is ever more critical.
“Through continually strengthening our cyber security practice we can better help our clients to recognise and address their vulnerabilities so that they can do business in the digital age with confidence. It is essential that business leaders prepare for the digital future and put cyber security firmly on their board’s agenda.”
PwC has around 100 professionals specialising in cyber security, advising businesses on issues ranging from threat intelligence, detection and prevention to regulation, legal matters and the broader impact of breaches on business performance including people and culture. There are a further 400 professionals who support the cyber security practice and provide broader IT risk assurance services, including security.
Cyber crime continues to be a major threat to UK businesses. The PwC 2013 Information Security Breaches Survey, conducted for BIS, found that the average cost of the worst security breach for small organisations was £35,000 to £65,000 and for large organisations was between £450,000 and £850,000. Further, the latest Global State of Information Security® Survey, by PwC, revealed that the number of security incidents detected in the UK in the past year increased by 69%, compared to a global increase of just 25%. UK companies are taking cyber security more seriously, becoming skilled at identifying where their vulnerabilities are and putting in place the necessary processes and policies to mitigate the threat.
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