PricewaterhouseCoopers (PwC) has hired the former managing director of cyber security at Barclays Bank as a partner in its growing cyber security practice.
After 12 years at Barclays where he headed up the bank’s electronic protection and global IT operations, Richard Horne spent a year seconded to the Cabinet Office to help shape the UK’s national plan for cyber security.
Horne will work across PwC’s business and clients.
“I’m delighted to be joining PwC. I have been really impressed by the quality, skills and dedication of the people I have met here and the commitment of the firm to do the right thing for their clients in building their cyber security capabilities,” said Horne.
“PwC recognises the growing importance of cyber security and helping businesses tackle the cyber risks and threats they face – starting at the top with the Board. I am looking forward to working with business leaders to help them identify and protect what is most critical for their organisation’s growth.”
PwC’s cyber security practice also recently announced that it had hired the former head of the central e-crime unit at the Metropolitan police, Charlie McMurdie, as its senior crime adviser.
The company has 100 professionals specialising in cyber security and has said that it will continue to grow its capabilities.
A recent PwC report conducted for the department of Business, Innovation & Skills found that the average cost of the worst security breach for small organisations was £35,000 to £65,000. Whilst for large organisations it was between £450,000 and £850,000.
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