Cost Savings of $1.5M per year, comprised of $300K for technology and $1.2M for labor for 12 professionals to operate 24/7
The Client
BDO is one of the top 5 international network of public accounting, tax, consulting and business advisory firms
Challenge
1. With cyber crime increasing, risk officers and BDO EA CEO wanted to enhance information security initiatives, but were facing a shortage of skilled resources as well as cost inflation
2. To detect and respond to
3. Security Incidents, Violations, Risks and Threats
Solution & Execution
1. Cutting-edge SIEM powered by Real-Time Analytics and IBM QRadar
2. 24/7 Incident Response Supported by GCIH Certified Incident Handlers
3. Daily/Weekly/Monthly Governance calls
4. Containment of Threats via Incident Playbook and SOAR Platform (security orchestration, automation & response)
5. Detection of Complex Threats with Advanced Correlation & ML
6. Automate Containment Response to block threats. Cloud Native: Azure, AWS, Office 365, Oracle Cloud & more
7. SLA backed service
Value Delivered
1. Cost effective, reduced Cost & Complexity & up/ downscale effortlessly
2. Faster speed of execution
3. Strengthen the Risk management program
4. Flexibility in accommodating changes
5. Upfront visibility to data security threats
6. Ability to quickly deploy experts to analyze and resolve client requirement
7. 100% accuracy for test results, next steps, and corrective actions
8. Visualized and identified malicious or anomalous activity. Analysed, prioritized and responded to threats in rapid time. Safeguard BDO data.