Accenture has made a strategic investment, through Accenture Ventures,
in Prevailion, a next-generation cyber intelligence company that
provides clients with expansive visibility into malware across their
organization and supply chains with early detection of advanced threats
through adversary counterintelligence.
The
investment will enhance Accenture's ability to provide clients with
advanced indications and warnings of cyber threats through actionable
evidence of malware that has potentially compromised their systems and
third-party ecosystems, which are increasingly prime targets for
cybercriminal and espionage actors. Accenture's Cyber Investigations
& Forensic Response team saw an almost 200% increase in third-party and supply chain intrusions during 2020 - with no signs of letting up in 2021.
"Prevailion's
innovative approach in exposing emerging adversaries, especially when
paired with our best-in-class cyber intelligence team, will enable our
clients to face the next generation of threats with confidence," said
Josh Ray, who leads Accenture Security's cyber defense practice
globally. "Prevailion's multi-industry reach will enhance our cyber
insurance services, including those geared toward mergers and
acquisitions, and enable our team to proactively detect and mitigate
threats targeting our clients."
Prevailion
transforms the way organizations approach risk mitigation and business
decision-making through its Compromise Intelligence solutions that go
beyond traditional indicators of compromise to deliver hard evidence of
compromise, which comprises a collection of forensic data that points to
a confirmed malicious attack on a commercial, industrial or government
network. The solution gives clients a full view of actual threats to
their organizations and those of their ecosystem partners early in the
overall attack chain.
"This
investment from Accenture is exciting and supports our mission to
deliver tailored intelligence that empowers risk-based decisions on a
global scale," said Karim Hijaz, Prevailion's founder and CEO.
"Accenture's reputation and top-tier client base will enable us to make a
greater impact on securing the corporate world from devastating
cyberattacks."
Prevailion is now a part of Accenture Ventures' Project Spotlight,
an engagement and investment program that connects emerging technology
software startups with the Global 2000 to fill strategic innovation
gaps. Project Spotlight offers extensive access to Accenture's domain
expertise and its enterprise clients, helping startups harness human
creativity and deliver on the promise of their technology.
"Accenture
Ventures' investment in Prevailion aligns with our commitment to
identify emerging technologies that can meet our clients' business needs
and address their priorities," said Tom Lounibos, managing director of
Accenture Ventures. "Armed with compromise intelligence from Prevailion,
we can proactively provide clients with global evidence of active
breaches and emerging risks to their supply chains, enabling them to
make smarter decisions and mitigate high-priority security risks
preemptively."
Accenture's
backing of Prevailion follows several other investments that Accenture
has made in cybersecurity and intelligence companies, including Quantexa, Team 8, Endgame and Claroty.