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Improve oversight and ownership of your cyber risk and accelerate your journey towards real-time quantified cyber risk management capability with our Managed Cyber Risk (MCR) solution.
The cyber security industry has spent the last 20+ years trying to improve the way it can quantify and manage cyber risk. But there are still no established industry good practices so we are looking to set the benchmark.
Our MCR solution includes cyber risk advisory and managed services enabled by a tech platform powered by Microsoft. Complementing your existing governance, risk and compliance (GRC) investments, we can support you in accelerating time to operationalise a cyber risk management framework.
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The benefits of Managed Cyber Risk
Improves cyber risk oversight and ownership
MCR provides the insights executives need to fulfil their cyber risk management responsibilities.
Accelerates time to value
MCR acts as an ecosystem orchestrator that accelerates your journey towards real-time quantified risk decision-making.
Comparison between MCR and governance, risk and compliance (GRC) tools:
MCR has unique features that differentiates it from traditional GRC platforms and can help complement them by providing deep dive risk analytics into the cyber risk domain, including:
Flexible cyber risk model that supports both deterministic and probabilistic modelling of risks to suit the needs of both mature and immature clients.
Customisable pre-loaded content that includes multiple industry control standards mapped to good practice risk factors (i.e. risks, threats and metrics).
Integrated threat intelligence leveraging PwC’s global platform that provides strategic and technical intel on incidents, threat actors and campaigns.
Continuous controls monitoring based on ingestion of telemetry from security posture management platforms using APIs to calibrate assessment scores.
Sophisticated benefits management that enables the measurement of the control improvement contributions of a portfolio of risk treatment activities.
Complimentary services that support continuous tuning of the risk model, assessment of risk factors, integration of data sources and curation of reports.
Managed Risk Oversight
A managed service that maintains the currency of your risk data within the PwC Managed Cyber Risk (MCR) platform so that you always have an up-to-date view of your cyber risk posture. It also includes a bespoke service to maintain and curate your periodic cyber risk reports for your executive.
Service Value:
Boardroom experience
Extensive experience educating and presenting to Boards of FTSE 100 organisations.
Depth of expertise
Delivered by our passionate and experienced team of cyber risk, security architecture and regulatory experts.
Market-leading intelligence
Access to PwC’s unique in-house cyber threat intelligence to keep you informed of the latest cyber threats.
Cutting-edge technology
Powered by PwC’s innovative and flexible cyber risk analytics, quantification, orchestration and reporting platform.
Managed Risk Identification
A broad range of deep-dive cyber security assessments available on-demand that allows you to be agile in responding to various triggers such as: emergence of a new threat, launch of a new product, annual industry attestation, regulatory intervention, internal risk management needs.
Service Value:
Breath of assessments
Made possible thanks to our 2000+ cyber security practitioners and accreditations (CREST, NCSC, ISO, CSA, etc.).
Specialist technology
Delivered using a range of specialist PwC assessment products and technology partnerships.
Industry expertise
Underpinned by deep sector knowledge to support all industries’ specific risks, threats and regulations.
Flexible and agile
Master contract with pre-paid assessment credits enables mobilisation of new assessments within 10 working days.
Managed Risk Operations
Provide ongoing management of operational security GRC workflows to comply with internal standards, assurance expectations, and regulations.
Service Value:
Collaborative Workflows
Facilitating collaboration and communication among different teams and stakeholders to address risks efficiently.
Depth of expertise
Delivered by our passionate and experienced team of cyber risk, security architecture and regulatory experts.
Industry expertise
Underpinned by deep sector knowledge to support all industries’ specific risks, threats and regulations.
Customisation
Tailoring risk management strategies to meet the unique needs and challenges of each organisation.
Why choose us? - Our industry recognition
PwC is recognised as the MarketScape Leader in IDC’s latest report: Worldwide Cybersecurity Risk Management Services, 2023
“PwC brings all facets of cybersecurity and risk management under a single global platform to enable better collaboration, quality, and insights and to better serve clients’ cybersecurity needs. Despite the global talent shortage, PwC remains capable of attracting qualified employees combining industry expertise, business knowledge, and technology skills to support organisations in their cybersecurity journeys.”
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