Tech Mahindra, Lucideus to partner on cyber risk assessment

Post the assessment, all the participating companies will receive a personalised report that will rate and score them on their present cyber risk posture and the probability of a breach occurring in the next 12 months, the statement added.

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Pune: Tech Mahindra will partner cybersecurity firm Lucideus to provide cybersecurity assessment for clients.

Lucideus provides an enterprise cyber risk platform, which it will now market to Tech Mahindra customers as part of the partnership.

The two companies have also launched a new cyber risk assessment initiative, ‘Most Admired Cyber-Secure Enterprise (MACE)’, to help companies measure and mitigate their cyber risks.


“Today, our customers view cybersecurity as not only an essential security tool, but rather a part of boardroom discussions, as it has emerged as a key differentiator impacting both top line and bottom line,” said Rajesh Chandiramani, Senior Vice President and Global Business Head - ESRM, AI and Data Analytics, Tech Mahindra.

This will be an ongoing annual assessment aimed at bringing the most advanced cyber risk quantification solutions to customers globally and transform the way businesses monitor cybersecurity currently.

Organisations will be evaluated across over 25 parameters including cloud, web and network, email, domain name system, leaked credentials in the deep and dark web, internet protocol and domain reputation, employee enumeration amongst others. They will then be rated on their present cyber risk posture and the probability of a breach occurring in the next 12 months.
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“Cybersecurity today is the number one worry for CEOs globally and today businesses are dealing with multiple types of cybercriminals… there has been a huge rise in the sophistication of cyberattacks and businesses will need to adopt a more proactive and objective approach in viewing their cybersecurity risk posture,” said Saket Modi, CEO, Lucideus.

MarketsandMarkets forecasts the cybersecurity market to grow at a compounded annual growth rate of 10.2% to touch $248.6 billion by 2023 from $152.71 billion in 2018.
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