Accenture announced it had made a strategic investment through Accenture Ventures in Tenchi Security, a third-party cyber risk management company. And Accenture will leverage Tenchi’s SaaS platform as a new component of its managed security services offering to help organizations reduce cyber risks across their supply chain.
Based in São Paulo, Brazil, Tenchi Security’s SaaS platform offers organizations better visibility into their supply chain risks by continuously monitoring supplier relationships. And unlike other enterprise cyber risk management providers, Tenchi’s approach provides a holistic view of an organization’s cyber risk profile through a comprehensive risk assessment.
Recent cyberattacks have highlighted how greater interconnectivity, network access, and ecosystem vulnerabilities could affect even the most secure businesses. And Accenture’s Cyber-Resilient CEO research found that about half (51%) of CEOs ranked supply chain as the second highest external risk, underscoring the vulnerabilities of global organizations across their value chains.
Tenchi Security is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that targets emerging technology companies that can help fill strategic innovation gaps for Global 2000 organizations. And making capital investments in emerging startups, Accenture Ventures’ Project Spotlight offers unprecedented access to Accenture’s technology domain expertise and its enterprise clients. Technology companies co-innovate with Accenture at its Innovation Hubs, Labs, and Liquid Studios, working with subject matter experts to adapt their solutions to the enterprise market and scale faster and more effectively.
KEY QUOTES:
“Supply chain security attacks are happening all too often when security is not embedded at the core of the business and across suppliers. This is particularly concerning when more than half of executives say their organizations have an insufficient understanding of cyber vulnerabilities in their supply chain. To address this issue, Tenchi and Accenture will offer organizations a complete supply chain risk management security solution that will allow them to identify cyber risks faster and assist in addressing cyber threats.”
– Paolo Dal Cin, global lead of Accenture Security
“While there is a growing awareness of the need to manage cybersecurity risks across a company’s supply chain, there is a lack of verified, integrated and continuous data and effective remediation. With Accenture’s deep experience in managed security services, we will help organizations build trust between their business, suppliers, and partners, while offering ways to improve upon their cybersecurity and the cyber hygiene of the ecosystem as a whole.”
– Felipe Boucas, CEO of Tenchi
