Microsoft has signed a multiyear, multimillion-dollar agreement with global professional services company, Accenture, and managed services provider, Avanade, to offer cyberdefense solutions. This deal will help in bringing enhanced cyberdefense solutions to the market, to help clients better respond to cyber threats.
The increase in cyberattacks, and as a result, the associated costs, are having a major financial impact on many businesses. In fact, more than 70% of organizations worldwide fail to even identify these threats, let alone protect their corporate high-value assets. This year alone, the average cost of cybercrime for each organization has risen up to $11.7 million, which is a notable 23% increase from last year.
To combat the increasing threat of cyberattacks, Microsoft, Accenture, and Avanade have expanded their strategic alliance. According to Microsoft's Vice President of Enterprise and Cybersecurity, Ann Johnson, the deal fulfills the expectations of customers by providing "the best options in strategic planning, technology, and execution." The extension of this association ensures that the capabilities of the three companies, in the field of cyber defense, can be put to good use.
The cybersecurity solutions will initially cover three core areas, according to Microsoft:
Managed security operations. Enhancing existing Accenture-managed security services with integration to the latest Microsoft security products and services to monitor, detect and quickly respond to security breaches in a comprehensive, agile manner — targeted for cloud, hybrid and on-premises systems.
Incident response support. A joint, global and collaborative teaming approach leveraging tools and integrated processes to help clients return to normal operations after a significant security breach.
Integrated threat hunting. Leverages the incident response experience of the three companies to actively locate breaches not previously known.
Clients will be hoping that these new cybersecurity offerings will help them address major cyber threats, and assist them in functioning to the best of their abilities in today's digital world.