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 help global corporations measure and mitigate their prevailing cyber risks in real-time through a complimentary online assessment.

MACE, an ongoing annual assessment, is aimed at bringing the most advanced cyber risk quantification solutions to customers globally and 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 on how enterprises are accelerating their digital transformation in the post Covid world.

The MACE programme will ensure proactive identification and minimise susceptibilities. The participating organisations will be measured and comprehensively evaluated across 25+ parameters including cloud, web and network, email, domain name system, leaked credentials in the deep and dark web, internet protocol & domain reputation, employee enumeration amongst others. 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.

Commenting about the partnership, Rajesh Chandiramani, Senior Vice President and Global Business Head ESRM, AI & Data Analytics, Tech Mahindra, said, “Today our customers view cybersecurity as not only an essential security tool, but rather a part of board room discussions, as it has emerged as a key differentiator impacting both top-line and bottom-line. Through the strategic initiative, Tech Mahindra endeavours to reiterate its position as the cybersecurity partner of choice by helping our clients be future ready and secure their digital assets through proactive sharing of trends and analytics to mitigate future threats.”

The cybersecurity market is forecast to grow from USD 152.71 billion in 2018 to USD 248.6 billion by 2023, a CAGR of 10.2%. With the increased adoption of digital technologies, and the new normal of working from home during the corona pandemic, 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 cyber security and risk management to customers globally.