Andrew Fitzmaurice, CEO "Brace yourselves, winter is coming."
This cult phrase from HBO’s Game of Thrones—a euphemism for ‘troubled times are ahead’— expressed a warning and demanded constant vigilance in the fantasy world of ‘Westeros’, if its societies were to survive an attack. Of course, this narrative isn’t new. Societies throughout human history have faced invasion and disruption from natural disasters and man’s inhumanity to man. Around 40 years ago the advent of an ethereal paradigm, initially viewed as not part of the ‘physical world’, but that of ‘cyberspace’ manifested itself as the internet—the use and influence of which has grown exponentially to now drive commerce, social change and human interactions. But cyberspace has vulnerabilities. The same physical attacks faced by soldiers in Westeros have evolved as security breaches to haunt the lives of today’s defenders, the Chief Information Security Officers (CISOs). The difference is the wave of new cyberattacks are constantly adapting and changing; therefore, CISOs need to up their game by keeping pace with the evolving risks to the business.
Enter Templar Executives. Against this backdrop of a new cybersecurity paradigm, Templar Executives—a company delivering a unique combination of holistic, expert, and comprehensive cybersecurity services and solutions—is empowering organisations to combat the “cybersecurity winter” throughout the year. Renowned for its ability to address cybersecurity in a business context and as a leadership agenda, Templar Executives has long advocated that balancing business decisions and making informed choices pertaining to commercial, operational and technology investments should incorporate the impact of cybersecurity threats, risks and opportunities. In addition, for organisations to maintain a sustainable capability, proactive and defensive measures need to be proportionate to the evolving risks within the holistic business portfolio and reviewed regularly.
“No industry is immune, and the scale, sophistication and impact of cyberattacks will continue to grow. Some reports suggest that, from 2019 to 2023, over $5 trillion in global value will be at risk from cyberattacks,” observes Andrew Fitzmaurice, CEO, Templar Executives. The cybersecurity industry is evolving from a technical to a more holistic business approach. As a result, new skills and security roles are being developed, awareness and education is increasing; the introduction of specific laws and regulations on data protection are making governments and commercial organisations more accountable. It goes without saying that change is here and organisations need to remain vigilant and continue gearing up.
“In a world where change is the constant, the human factor is critical in addressing uncertainty. Therefore, how we choose to approach the cybersecurity challenge is as much a personal agenda as it is a business one,” states Fitzmaurice. Templar Executives’ technical services provide assessments of computer systems, networks and applications in order to proactively identify an organisation’s vulnerabilities to potential external and internal attacks. The company’s IT Health checks, penetration and application testing, security architecture reviews, and Business Level Assurance Diagnostic Engine (BLADE), enable prioritised remediation activities. Templar Executives also presents its Maritime Cyber Emergency Response Team (MCERT)—an innovative industry platform for global collaboration and information sharing to counter cyber threats to the maritime industry. The MCERT provides incident response, threat intelligence, proactive advice and real-time support and assistance on cyber incidents to the sector.
With the dawn of Mergers and Acquisitions initiatives, the proliferation of the internet and potential compromise of data such as intellectual property can adversely affect the valuation of a company.
Our specialists use scenarios based upon real-life incidents to realistically test defence capabilities, so business leaders and key stakeholders can understand and address the risks in every aspect of the business’s operations
Templar Executives’ BLADE M&A is an innovative offering utilising the company’s unique threat and vulnerability capability in response to this issue. BLADE is a unique data mining intelligence service enabling businesses to obtain and review actionable intelligence from the internet, including the dark web and other darknets, black markets, social media, and a myriad of other online sources. In a recent case, Templar Executives helped conduct due diligence on an M&A opportunity saving the client £100m during purchasing negotiations.
That’s not all; from the crisis management standpoint, Templar Executives’ crisis management specialists provide organisations with an independent capability to critically assess cybersecurity and information assurance strategies, concepts, programmes, plans, operations, ideas and assumptions. “Our specialists use scenarios based upon real-life incidents to realistically test defence capabilities, so business leaders and key stakeholders can understand and address the risks in every aspect of the business’s operations,” explains Fitzmaurice.
He goes on to mention that the uniqueness of Templar Executives’ cybersecurity services and solutions also stems from their ability to provide “timely, relevant and valued delivery” to meet client needs. Moreover, the company’s specialists combine industry knowledge with market-leading cyber expertise and have an outstanding track record in helping clients develop their own resilient and business-enabling cybersecurity capability with quantifiable benefits. Illustrating the prowess of the company’s services and specialists, Fitzmaurice narrates a customer success story wherein Templar Executives has supported a global multi-activity FTSE250 company for a number of years. Following a major breach, Templar Executives was engaged in conducting a comprehensive assessment of the client’s cyber capability from the Board to the frontline. Templar Executives also developed a programme to transform the company into a cyber resilient organisation, which elevated its competitive edge and helped win £7 billion in new business. Needless to say, the client referenced its cyber maturity as a key contributor to this success over a five-year period.
In another impressive feat, Templar Executives has been appointed by NHS Digital (NHSD) to deliver cybersecurity briefings to Boards and Senior Information Risk Owners (SIROs) of NHS organisations across the country. To date, these briefings have been delivered to over 230 Boards. Templar Executives has also been commissioned by NHSD to provide Cyber Operational Readiness Support (CORS) to assess and help improve the cybersecurity posture of NHS organisations through activities such as developing a plan for achieving Cyber Essentials Plus accreditation, with the ultimate goal of improving patient care and outcomes.
The future is evidently bright for Templar Executives, which has successfully sustained growth over the years. “The cybersecurity market will be a $300 billion industry by 2024. These are phenomenal growth numbers and herald ongoing disruption and change—governments and organisations will have to take regular stock of the evolving cyber threat landscape and implications,” reveals Fitzmaurice. In light of this prediction, the Templar Executives team finds it imperative to continue maintaining its thought leadership position working with the industry and academia. The company is continuously developing its portfolio and applying the learnings from ongoing projects and new engagements; at the same time it is also enhancing the capacity and capabilities of BLADE, underpinned by the evolution and continued development of machine learning. “Templar Executives is also pursuing enhancements around the identification of ‘Deep Fakes,’ which probably pose the biggest growth area in terms of human manipulation as the merger of fantasy and fact become our new world reality,” concludes Fitzmaurice.