Stewart Room, former data privacy and security partner at Field Fisher Waterhouse, is joining PricewaterhouseCoopers (PwC)...
as a partner in the firm’s cyber security practice.
Room is one of the UK’s leading data protection lawyers, with more than 23 years experience as a barrister and solicitor, and advising companies on their strategies handling personal data and data breaches.
He is a co-founder and board director of the Cyber Security Challenge UK, a government and industry-backed initiative to help fill the cyber security skills gap in the economy.
Room said PwC is helping businesses tackle the cyber security and data protection risks and threats they face.
“I am looking forward to helping our clients understand their rights and obligations relating to their systems and data, and helping them identify, protect and manage what is most critical for their organisation’s growth,” he said.
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John Berriman, chairman of the cyber security practice at PwC, said Room brings a wealth of experience and a proven track record working on some of the largest and most complex data protection and security projects.
“He is trusted by the business community and we look forward to working with him to develop our services for companies who 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,” he said.
Berriman also said that through continually strengthening the cyber security practice, PwC can better help its clients to recognise and address their vulnerabilities.
“It is essential that business leaders prepare for the digital future and put cyber security firmly on their board’s agenda,” he said.
PwC has gathered around 100 professionals specialising in cyber security, advising businesses on issues such as threat intelligence, detection and prevention, regulation, legal matters and the broader impact of breaches on business performance.
According to PwC, a further 400 professionals support the cyber security practice and provide broader IT risk services, including security.
Underlining that cyber crime continues to be a major threat to UK businesses, the PwC 2014 Information Security Breaches Survey found the average cost of the worst security breach for small organisations was between £65,000 and £115,000, and for large organisations it was between £600,000 and £1.15m.
Further, The Global State of Information Security Survey 2014 by PwC showed the number of security incidents detected in the UK in the past year increased by 69%, compared with a global increase of just 25%.
But according to PwC, UK companies are 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.