Wipfli Enlists Cybersecurity Partner Program

Milwaukee-based Wipfli LLP (FY18 net revenue of $317.9 million), a top 20 national accounting and consulting firm, has joined the NormShield partner program to expand its current cybersecurity solutions.

NormShield provides on-demand and standards-based cyber risk scorecards. The enhanced portfolio will provide Wipfli with a powerful tool to improve and reduce the risk associated with its clients’ supply-chain partners, third-party vendor networks and sensitive data.

“Many business leaders understand that cybersecurity is a moving target, and we firmly believe it’s our job to prepare our clients to manage their risk, circumvent potential consequences and protect their bottom line,” says Robert Cedergren, PIC of Wipfli’s risk advisory services practice.

According to a recent study conducted by Ponemon Institute, external cyber risks are some of the most dangerous companies face: The study indicated that more than 56% of companies experienced a third-party breach in 2017 and, according to Cybersecurity Ventures, cybercrime will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.

“The NormShield cyber risk scorecard provides an objective, external measure of an organization’s cyber risk posture,” says Mohamoud Jibrell, CEO of NormShield. “We’ve taken a ‘new school’ approach to supply-chain risk monitoring that’s easy to understand and includes online, dynamic risk scorecards with straightforward letter-grades based on defined risk categories. The risks are then prioritized with detailed information on the severity of the risk and through the portal. From there, the NormShield scorecard details how to mitigate and remediate each identified risk.”

Through its relationship with NormShield, Wipfli will leverage the company’s ability to gather data in a non-intrusive way, classify the data into security risk categories, apply advanced algorithms to analyze and convert data into risk intelligence, generate easy-to-understand scorecards and dashboards, and provide detailed remediation steps to secure the networks from outside attack.