Professional services giant, KPMG, has struck a strategic alliance with Australian forensic software company, Nuix, formalising an ongoing relationship that will give KPMG a boost to its cyber security offering.
The deal sees KPMG become the first advisory firm in Australia to use Nuix’s Insight Adaptive Security product, released in September, as part of its incident response capability for local clients.
The audit, tax, and advisory firm claims the new Nuix offering is the first endpoint security platform to, “tightly integrate cyber security threat prevention, detection, response, remediation, and deception,” in a single solution.
The new agreement will see KPMG leverage Nuix technology to help its clients manage and handle large volumes of data for digital investigations, insider threats, cyber security, e-discovery, information governance, compliance, and privacy.
“Using Nuix’s leading processing, investigation and analytics software and the expertise of KPMG’s experienced advisory teams, we are helping clients reduce their security risks, improve efficiency and proactively manage and govern their data,” said KPMG Australia head of forensic, Gary Gill.
KPMG will also use a range of other Nuix products under the arrangement, including its Investigation and Response offering, the Nuix Sensitive Data Finder, and Nuix Voice.
Nuix, whose technology played a key role in Süddeutsche Zeitungand International Consortium of Investigative Journalists (ICIJ) Panama Papers investigation, has worked with KPMG for the better part of the past decade, with the new alliance formalising the organisations’ ongoing relationship.
According to Nuix CEO, Eddie Sheehy, the partnership demonstrates Australia’s growing capability to be a leader in global cyber security solutions, with the two companies’ individual strengths combining to create a unique offering.
“Both KPMG and Nuix have taken a different perspective on data problems leading to great success in forensics, e-discovery, investigations, privacy and information governance and, now, cybersecurity,” Sheehy said.
“Technology on its own can’t safeguard enterprise data. Our technology coupled with KPMG’s risk and management expertise uniquely positions us to deliver the most robust solutions. We are better together at helping organisations protect, secure and manage their data,” he said.
The deal with Nuix follows KPMG’s agreement with CyberArk in the United States, with the companies announcing an alliance in early October, in a bid to help clients reduce the risk of cyber attack with the implementation of a comprehensive privileged account security solution.
The advisory firm launched the first live offering from its new digital services platform in late September, marking its entry into the professional services software market.
Under this global initiative, software is developed by KPMG member firms around the world using a shared cloud-based platform, and leveraging the firm’s global alliance with Microsoft,” KPMG CEO, Gary Wingrove, said at the time.