Editorial
Cybersecurity continues to be a top concern for business leaders, alongside rising inflation and energy crises. As cyber-attacks increase in frequency and sophistication, it’s crucial for businesses to focus on building cyber resilience. This includes securing insurance coverage, partnering with external consultants, and establishing a robust risk management strategy.
In this edition of This Week in Consulting, we highlight why cybersecurity is a key priority and offer best practices for private organizations to strengthen their security frameworks. A critical part of this is the collaboration between the General Counsel (GC) and Chief Information Security Officer (CISO), which is essential for creating effective cybersecurity strategies and ensuring clear communication with the board.
We also explore how organizations can enhance security while controlling costs by implementing a cost resilience process, helping align spending with risk levels.
Laurent THOMAS
Chairman Consulting Quest
This week’s must read
In this edition of This Week in Consulting, we highlight why cybersecurity is a key priority and offer best practices for private organizations to strengthen their security frameworks.
This article by MinterEllison presents findings from their 2024 ‘Perspectives on Cyber Risk’ survey. It highlights AI adoption challenges, privacy concerns, and the growing prioritization of cyber risk, with 72% of respondents ranking it a top priority.
This week’s media
The NIST Cybersecurity Framework (NIST CSF) offers best practices for private organizations to enhance information security and risk management. In this video, IBM’s Jeff Crume explains how the framework helps build a robust cybersecurity program.
Thought Leadership
In this article by Grant Thornton, it discusses the cybersecurity risks associated with AI, such as data breaches, adversarial attacks, malware, infrastructure vulnerabilities, and model poisoning. It also highlights regulatory considerations and privacy concerns, urging businesses to adapt their risk mitigation strategies accordingly.
BCG highlights how CISOs can improve cybersecurity while controlling costs. By implementing a comprehensive cost resilience process, organizations can optimize budgets, reduce inefficiencies, and align spending with risk appetite, ultimately enhancing security without significant budget increases.
This article by AON highlights that despite rising inflation and an energy crisis, cyber-attacks remain a top concern for business leaders. It stresses the importance of building a cyber resilience strategy, securing insurance coverage, and partnering with external consultants.
This article by FTI Consulting emphasizes the importance of a strong partnership between the General Counsel (GC) and Chief Information Security Officer (CISO) in managing cyber risks. Their collaboration helps foster transparency, shape cybersecurity strategies, and ensure accurate communication with the board.
This week’s consulting news selection
KPMG Australia has agreed to acquire national technology and financial solutions firm Chartertech Pty Ltd. Around 140 specialist technology and accounting staff will join the firm’s mid-market business, KPMG Enterprise.|
Precio Fishbone has acquired Data 4 Development, enhancing its NGO sector expertise and project delivery while gaining access to an established network, says Björn Bemgård, Business Area Manager for NGO Online.|
BIP, a leading multinational consultancy firm, has announced the appointment of Paul Fenton as Partner, Public Sector. Paul brings over 30 years of deep industry expertise in the public sector, with a proven track record of delivering transformative operating models and driving successful digital transformation initiatives.|
Rashada Whitehead, Grant Thornton’s national managing principal of Culture, Immersion & Inclusion has been named a “Notable Black Leader” by Crain’s Chicago Business. The award recognizes Black leaders in the Chicago area whose professional and communal achievements positively impact the city and its residents.|
Laurent is the Chairman and Co-founder of Consulting Quest. Focused on greater value creation, and being thoroughly familiar with Consulting, Laurent has sourced and sold millions of dollars worth of Consulting over the course of his career. Prior to joining Consulting Quest, Laurent was Executive Vice President Oil and Gas at Solvay and Senior Partner Transformation at Oliver Wyman.
