EY strengthens cyber offering with SecureWorx acquisition

Ernst & Young, Australia has signed a deal to acquire SecureWorx, a provider of multi-cloud services, managed security operations and security advisory services, designed to cater to the needs of customers with sensitive information.

The acquisition will strengthen EY Australia’s cybersecurity services offering to clients in responding to new mandatory requirements in the Security Legislation Amendment (Critical Infrastructure) Bill 2020 which increase the need for sovereign cybersecurity capabilities.

Philip Mulley, currently the CEO at SecureWorx, will join EY Australia as Sovereign Cybersecurity Leader, to help transform EY's 24/7 security operations managed services capability.

Richard Bergman, EY Oceania Cybersecurity Lead Partner said, “The latest updates to the Security of Critical Infrastructure Act outline new requirements that will require significant investment for onshore cyber capabilities to detect and combat threats.

“Threat volumes are rapidly increasing and now costing the Australian economy $29 billion per annum, according to recent Microsoft reports.

“SecureWorx has a set of cybersecurity assets that complement EY Australia’s existing cybersecurity team and capabilities including government accredited hosting facilities in Melbourne and Canberra and an accredited Security Operations Centre in Melbourne.

“SecureWorx complements and extends EY’s existing cybersecurity capabilities along with previous EY Australia acquisitions of Aleron and Open Windows.

“For our clients this will provide access to 24x7 security managed services onshore in Australia with cleared personnel and facilities,” said Bergman.

Philip Mulley from SecureWorx said, “We have long admired EY Australia and in particular the work of their cybersecurity team. Joining EY Australia gives us access to EY Australia’s global thought leadership and deep industry knowledge. For our people it provides exciting career development opportunities through industry focus, technology career paths and global reach and mobility. The EY Australia cyber team is a natural cultural fit for us.”

Image credit: ©stock.adobe.com/au/nespix