Deloitte News

Cybersecurity Costing Large Financial Firms $3,000 Per Employee: Survey

Big banks and other financial firms spend as much as $3,000 per employee to defend computer networks from cyber criminals, a survey found, as the industry remains the primary target of such attacks. That would translate to about $750 million …

British CFOs Fears of Long-Term Brexit Downturn Grow

An increasing number of chief financial officers expect Britain’s long-term business climate to worsen after the U.K. leaves the European Union, according to a Deloitte survey. More than 80 percent of 89 British companies’ heads of finance, interviewed between March …

Big 4 Accounting Firms Should Separate Auditing, Consulting Work: UK Lawmakers

The “Big Four” accounting firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses, a U.K. Parliament committee said Tuesday. PricewaterhouseCoopers, Deloitte, EY and KPMG — which between them control more than 90 percent …

How Pricing Insurance for Cars of Future Could Bring Insurers, Carmakers Together

Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise. “The quoted me $10,000 …

UK Corporates Readying for ‘Hardest of Brexits’: Deloitte Survey

Major British businesses’ appetite to take on financial risk has fallen to its lowest level in nearly a decade due to fears of “the hardest of Brexits” and rising U.S. protectionism, a survey by accountancy firm Deloitte showed on Monday. …

U.K. Businesses Against Uncertainty of Second Brexit Referendum

The plot to reverse Brexit is missing a key ally: U.K. business. Companies have been among the most outspoken critics of the split from the European Union, and many have much to lose from the divorce. But as a group …

Deloitte Taps Europol’s Wainwright to Help Run Cyber-Security Practice

Europol Executive Director Rob Wainwright is leaving the EU intelligence agency he’s led for almost a decade to help run Deloitte LLP’s cyber-security practice, as companies wake up to the growing “systemic” threat of cyber crime. The 50-year-old MI5 veteran …

UK Accounting Regulator Urged to Slap Larger Fines on ‘Big Four’ Firms

Misdeeds by the world’s “Big Four” accounting firms should be punished with much bigger fines, Britain’s accounting watchdog was advised in a report released on Tuesday. “Fines greater than those that have heretofore been imposed may be appropriate in really …

Deloitte Targeted by Hackers Accessing Data From Internal Email Platform

Following record results that flagged the growth of its cyber security business, Deloitte LLP has revealed that it has been successfully targeted by a cyber attack that let hackers access data from an internal email platform. The auditing and consulting …

Oil & Gas Industry Faces More Frequent & Sophisticated Cyber Attacks: Deloitte

Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as hacking efforts against the industry become more frequent and sophisticated. That’s the finding from a report released Monday by industry …