- Alliance helps enterprises better identify, prevent and respond to cyber threats
- Provides risk insights to help enable better business decision-making from the security operations center to the boardroom
SINGAPORE, 20 January 2022. Ernst & Young Advisory Pte. Ltd. (EY Singapore) – a leader in risk consulting – has entered into an alliance with CrowdStrike Inc.– a leader in cloud-delivered endpoint and workload protection – in the Singapore market. The alliance aims to seamlessly integrate cybersecurity operations and risk management within the enterprise.
In today’s complex cyber risk landscape, organizations recognize the value of establishing comprehensive and reliable cybersecurity strategies and operations. The EY-CrowdStrike Alliance combines CrowdStrike’s leading-class cybersecurity technologies with leading transformational consulting capabilities and cyber services provided by EY teams. Specifically focused on addressing cyber risk and threat management, cyber incident response and cyber threat intelligence, the collaboration offers broad security services to help clients understand and address cyber threats unique to their businesses, and leverage alliance capabilities to effectively help manage those risks.
Steve Lam, EY Asean Cybersecurity Leader, says:
“Cyberattacks are becoming more prevalent and sophisticated. According to our latest survey, 77% of CISOs globally reported an increase in disruptive attacks. Building up cyber resilience today requires organizations to go beyond detection and requires deep insights and visibility into these threats and risks for organizations to respond with accuracy. The EY-CrowdStrike alliance provides clients with actionable threat intelligence, leading processes and methods, and detailed security solutions to resolve both technical and business risks. We are working together to jointly develop solutions that infuse our transformational consulting experience with the market leading cybersecurity technology platform to help businesses establish innovative and proactive cybersecurity defenses that are so important in today’s threat landscape.”
The CrowdStrike Falcon platform offers a cloud-based architecture that is scalable, manageable and effective across all devices, workloads and identities, playing a critical role in protecting today’s distributed remote workforce. Powered by the proprietary CrowdStrike Threat Graph®, CrowdStrike Falcon captures approximately 1 trillion high-fidelity signals per day in real time from across the globe, fueling one of the world’s most advanced data platforms for security. The data can then be used to mitigate risk for clients, providing protection against today’s cyber threats.
Krishna Balakrishnan, EY Global and Asia-Pacific Cybersecurity Managed Service (CMS) Leader, says:
“Cyber skill shortage and cost of operations continue to be top challenges faced by our clients while they combat against sophisticated threats. To address these concerns, we are continually investing in our cyber managed services to bring a tailor-made next gen security operations and response capabilities to our clients at competitive price points.
“By combining our capabilities with Crowdstrike’s cloud-based Falcon platform, we are able to better meet our client’s current and future incident detection and response recovery needs. The platform leverages advanced technologies to fully automate the detection and response to sophisticated cyber threats, which organizations can deploy at scale and with reduced labor requirements.”
EY professionals can help clients achieve their cybersecurity objectives by using the Falcon platform to provide deep insights into cyber risks within IT environments. Organizations across major industries, including financial services, healthcare, retail, manufacturing and energy, will gain access to vital intelligence, allowing them to understand the threats facing their businesses. In turn, clients are able to identify what they need to mitigate key risks from a business operations and resiliency standpoint, as well as draw intelligence-based conclusions on cyber risks, acquisitions and growth into new markets.
Overall, businesses can benefit from reduced risk of a significant cyber event and enhanced compliance with cyber risk mandates, while also enjoying increased confidence in understanding the cyber threat landscape and how to communicate risk details to key stakeholders. In addition, increased awareness helps teams to align budgets and resources so they can manage risk accordingly.
“The agreement with EY Singapore is another step forward in what we see as a holistic approach, providing the cyber capabilities needed by our clients” said Fabio Fratucello, chief technology officer of CrowdStrike in Asia Pacific and Japan. “Working with industry-leading organizations provides a scalable breadth of expertise and tools to combat cyber threats. Where other cybersecurity vendors try to convince organizations that technology alone can protect their business, the reality is that technology alongside human expertise provides a more robust cybersecurity solution.”
Notes to editors
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
This news release has been issued by Ernst & Young Advisory Pte. Ltd., a member of the global EY organization.