Richard Horne, former managing director of cyber security at Barclays Bank, is joining business consultancy firm PricewaterhouseCoopers (PwC) as a partner in its cyber security practice.
He also served as director of electronic protection and chief operating officer for global IT at Barclays and spent a year on secondment to the Cabinet Office to help shape the UK’s national cyber security plan.
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Horne said 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.
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“I am looking forward to working with business leaders to help them identify and protect what is most critical for their organisation’s growth,” he said.
John Berriman, chairman of the cyber security practice at PwC, said Horne would help develop the firm’s services for companies that are increasingly aware of how important it is to protect their digital transactions and data 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 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,” he said.
Cyber crime continues to be a major threat to UK businesses. According to the PwC 2013 Information Security Breaches Survey, 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.
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 with a global increase of just 25%.
Berriman said UK companies are now 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.