Wipfli partners with cybersecurity company Paladion

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Wipfli has partnered with Paladion, a cybersecurity and managed detection and response services company.

Cybercrime is on the rise, and several accounting software companies have experienced breaches in recent months. Accounting firms who are proactive on security services are placing themselves ahead of the curve.

“Cyber threats continue to increase at an extremely fast pace with no signs of slowing down,” said Jeff Olejnik, partner in charge of Wipfli’s cybersecurity practice, in a statement. “With Paladion’s industry-leading solution, Wipfli can bring a key component – managed detection and response – to organizations when implementing a cybersecurity program. Today, it takes U.S. companies an average of 200 days to detect a data breach. Through our partnership with Paladion, we can reduce the response time to minutes.”

Managed detection and response (MDR) is an advanced managed security service that provides threat intelligence, threat hunting, security monitoring, incident analysis and incident response. The way this differs from traditional managed security service providers is that MSSPs usually only provide alerts from security monitoring. Using advanced security analytics on endpoints, user behavior, applications and networks, MDR provides deeper detection compared to traditional MSSPs, who mostly rely on rules and signature. For faster response, MDR also uses artificial intelligence and machine learning to investigate and automatically contain threats, and orchestrate the proper response.

“We developed our AI-driven MDR program to give businesses simplified access to next-generation cybersecurity, and our partnership with Wipfli will bring leading-edge AI-driven threat detection and response to Wipfli's clients,” stated Rohit Kumar, executive vice president and head of strategic partnerships at Paladion

Wipfli’s risk advisory services practice works to identify and provide solutions that help businesses manage and mitigate digital threats. The firm says it chose Paladion’s MDR for the end-to-end threat management it provides, combining AI and automation with people skills.

WipFli was listed at No. 19 on Accounting Today's Top 100 Firms list for 2019.

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Cyber security Data security Fraud prevention Wipfli