Tech Mahindra has entered into a strategic collaboration with Lucideus, a global leader in cyber risk quantification solutions, to conduct annual cybersecurity risk assessments for top global organisations. The initiative titled, Most Admired Cyber-Secure Enterprise (MACE), will enable global corporations to measure and mitigate their prevailing cyber risks in real-time, through a complimentary online assessment.MACE is an ongoing annual assessment aimed at bringing the most advanced cyber risk quantification solutions to customers worldwide. It attempts to transform the way businesses monitor cybersecurity.
The programme was launched on June 22, 2020, by CP Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra along with John Chambers, ex-Chairman, CISCO, at a virtual event. The event deliberated on how enterprises are accelerating their digital transformation in the post-Covid-19 world.
The MACE programme will ensure proactive identification and minimise susceptibilities. The participating organisations will be measured and comprehensively evaluated across 25+ parameters,chief among them being
Post the assessment, participating companies will receive a personalised report that will rate and score them on their present cyber risk posture. The report will also apprise them of the probability of a breach occurring in the next 12 months.
Commenting on the partnership, Rajesh Chandiramani, Senior Vice President and Global Business Head ESRM (Enterprise Security & Risk Management), AI & Data Analytics, Tech Mahindra, said, “Today our customers view cybersecurity as not only an essential security tool but a significant part of board room discussions, as it has emerged as a key differentiator impacting both top-line and bottom-line. Through MACE, Tech Mahindra endeavours to reiterate its position as the cybersecurity partner of choice. It aims to help clients become future-ready and secure their digital assets through proactive sharing of trends and analytics for mitigating future threats.”
The cybersecurity market is forecasted to grow at a CAGR of 10.2 percent —from USD 152.71 billion in 2018 to USD 248.6 billion by 2023. With the increased adoption of digital technologies and the new normal of working from home due to the lockdowns, businesses are susceptible to cyber-attacks now, more than ever. The collaboration with Lucideus aligns with Tech Mahindra’s TechMNxt charter to deliver innovative and cutting-edge technologies in cybersecurity and risk management to customers worldwide.