$5 trillion threat of cyber attacks spur investments in solutions, talent and tech

Got a great idea for a security business? Now’s the time to get your startup going…:

[…] During 1H 2019, the ‘Big Four’ firms snapped up cyber security firms to strengthen their own cyber defense divisions.

Accenture published a report suggesting that companies around the world could lose $5.2 trillion over the next five years to cybersecurity breaches. Unsurprisingly, Accenture bought ‘Security of Things’ firm Deja vu in June, to acquire expertise in protecting connected devices and IoT networks against malicious threats.

Competitor KPMG is following a similar strategy, having purchased Swedish cybersecurity firm Everdon to grow its own advisory business.

Smaller security and IT companies are also spending on cybersecurity expertise: for example, By Light acquired Metova Federal, a provider of cyber training services to the US Government in May.

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