Andersen Consulting Advances Cybersecurity Presence with 10Guards
SAN FRANCISCO — Andersen Consulting enhances its consulting capabilities through a collaboration with 10Guards, a service-oriented company based in Ukraine that specializes in providing a wide range of professional services without offering any products (software or hardware).
Article content
Founded in 2017, 10Guards provides tailored cybersecurity services including compliance audits, gap assessments, and strategic advisory to strengthen security posture. They also provide outsourced cybersecurity support through virtual CISOs and full virtual teams; optimization of Security Operations Centers for more effective threat detection and response; and ethical hacking services such as penetration testing, social engineering simulations, and application security assessments across web, mobile, and cloud environments.
Article content
Article content
'In today's digital environment, cyber resilience isn't optional—it's foundational,' said Vitaliy Yakushev, CEO of 10Guards. 'Our goal is to equip organizations with clear, actionable insights that not only shield them from evolving threats but also empower them to grow securely. Collaborating with Andersen Consulting enables us to bring our expertise to a broader global audience, driving more impactful outcomes in cybersecurity.'
Article content
'10Guards adds another layer of expertise to our cybersecurity capabilities, particularly in offensive security and post-incident response,' said Mark L. Vorsatz, global chairman and CEO of Andersen. 'Their hands-on approach and proven track record in navigating complex cyber risks further enhances our ability to protect clients' digital ecosystems and ensure business continuity. With their addition, we are better positioned to seamlessly deliver resilient, future-ready security strategies across industries.'
Article content
Andersen Consulting
Article content
is a global consulting practice providing a comprehensive suite of services spanning corporate strategy, business, technology, and AI transformation, as well as human capital solutions. Andersen Consulting integrates with the multidimensional service model of
Article content
Andersen Global
Article content
, delivering world-class consulting, tax, legal, valuation, global mobility, and advisory expertise on a global platform with more than 20,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms. Andersen Consulting Holdings LP is a limited partnership and provides consulting solutions through its member firms and collaborating firms around the world.
Article content
Article content
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
3 hours ago
- Globe and Mail
Market Factors: My two biggest investing mistakes ever
In this edition of Market Factors I use merger and acquisition activity in cybersecurity to sheepishly recount the two biggest mistakes of my investing career. In a later section, we'll describe how a widespread short squeeze is affecting markets and the diversion judges high school movies. There is a news story today that brings up painful memories. I am generally good at looking ahead, not backwards, when investing and not regretting previous transactions. There are two decisions, however - one stock I didn't buy and one I did - that I can't get over. Not buying cybersecurity specialist Palo Alto Networks is one of the lamentable calls. The company agreed to acquire CyberArk Software Ltd. for US$25-billion, a 26 per cent premium to Tuesday's close. CyberArk specializes in identity security tools. Palo Alto's total market cap was well below US$25-billion when I was considering buying the stock in mid-2014 - it was US$4-billion. Palo Alto's market cap is now US$129-billion and its stock is up 1,729 per cent since April 30, 2014. I was correct in my assumption that cybersecurity would become a major issue as corporate networks grew in scale. It seems ludicrous now, but I didn't like the way the stock price was acting in 2014. Volatility was low and it seemed like a 'two steps forward, one step back' situation with no momentum. I stopped following it closely and by the time I turned around it had doubled. Again ludicrously, I thought I'd missed the move. My other regrettable error, buying telecom equipment provider Juniper Networks, was caused by straight naivete. Wireless data traffic was doubling every two years and I was sure the advent of 3G and 4G would require vast capital expenditure on switches, routers and other telecom equipment. Had I known what I was doing, or even asked the telecom analyst where I was working, I would have known that the over-investment during the 1990s and early 2000s had created massive excess capacity. It would take years and years for data traffic to fill the previously built networks. Not much equipment buying would be necessary. In hindsight, American Tower Corp. was the right way to play the rise of wireless. The provider of the eyesores that relay wireless signals (I might be a bit bitter) saw its stock increase by 1333.7 per cent for the 20 years beginning June 30, 2005 (a relatively random start date but from memory it's close to when I bought the stock). Juniper was up 107.4 per cent. Researching those numbers caused me physical pain. In true rookie fashion, I compounded my mistake by holding Juniper too long. I thought if I just held it long enough my genius growth thesis would play out. It was here that I learned not to let ego get anywhere near buying and selling decisions. I reiterate that I'm usually good at avoiding 'could have, would have, should have' with old investment decisions but these two still bug me. Thankfully both situations taught me valuable lessons that I still apply today. Morgan Stanley Wealth Management chief investment officer Lisa Shalett expressed her bearishness in a way that explained some underlying trends in global markets. Ms. Shalett is bearish because of her perception of investor complacency. She notes that investors are now blindly buying the dip despite rich valuations. In addition, the readily available cash that could take the market higher, in money market funds for example, has fallen to year 2000 lows. Everybody's already in. The strategist also highlights the extremes of market concentration. Ms. Shalett notes that speculative sectors of the market are beginning to lead. Specifically, systematic and algorithmic-driven funds have added risk automatically as volatility indexes have declined. This re-risking has caused a wide-reaching short squeeze that has driven Bespoke Investment Group's index of most shorted stocks higher by 80 per cent from the April 9 low. Ms. Shalett recommends stock-specific investment strategies including long/short funds and individual U.S. stocks in the tech hardware, industrials, financials and energy sectors with upside surprise potential. An office discussion made clear that a lot of people's selection of a favourite high school movie taps into the intense emotions of high school itself, even decades later. My favourites are, of course, the best picks. Say Anything is one of the two best high school movies ever made and this is a hill I will happily perish on. Peak John Cusack, before he went a bit loopy on social media, masterful nostalgia mining by writer and director Cameron Crowe and a terrifically nuanced performance from Ione Skye made this one tremendous. And Frasier's dad, he was great too. Spectacular Now is more recent and less known but it is my second (correct) pick as best high school movie. Star-making performances from Miles Teller and Shailene Woodley are the primary attractions here along with an oily turn by Kyle Chandler as Teller's deadbeat dad. I intend to name my next dog after this movie's main character. Any number of John Hughes movies are acceptable choices as best high school movie, including the more obscure Some Kind of Wonderful which had an amazing soundtrack. I liked Perks of Being a Wallflower a lot too. Two movies that were suggested to me in the category were I Know What You Did Last Summer and 10 Things I Hate About You but I have grievances with both. Let me know your favourites by email here and I promise to not be too critical. Looking for our updates on market movers, analyst actions, stock technicals, insider trades and other daily, weekly and monthly insight? Click here to visit our Inside the Market page. Jamie McGeever details how retail investors have been the key drivers of the latest equity market rally Larry MacDonald reports on the latest short positions on the TSX Bond investors are warming up to risk again. Meanwhile, the U.S. dollar is shedding its tariff risk premium The Bank of Canada has already announced no change to interest rates and two-year bond yields fell four basis points in the aftermath. Month-over-month GDP for May on Thursday is the other important release. It is expected to show a mild contraction of 0.1 per cent. Important earnings announcements are far more plentiful. On Thursday we'll get Gildan Activewear Inc. (US$0.955 per share expected), TC Energy Corp (C$0.783), Cenovus Energy Inc. (C$0.137), Cameco Corp (C0.469) and Brookfield Infrastructure Partners (US$0.217). Friday will see profit reports from Enbridge Inc. (C$0.579), Fortis Inc. (C$0.701), Imperial Oil Ltd. (C$1.647) and Telus Corp. (C0.2323). Suncor Energy Inc. (C$0.710) posts results next Tuesday and the next day Shopify Inc. (US$0.29), Brookfield Asset Management Ltd. (US$0.391) and Manulife Financial Corp (C$0.966) will announce earnings. Friday is the big day for U.S. economic news as non-farm payroll growth for July (107,000 new jobs expected) and ISM manufacturing (49.5) are released. Month over month personal spending for June (0.4 per cent) comes out a day earlier and final durable goods orders for June will be released on August 4th. For U.S. earnings there's Bristol Myers Squibb Co. ($1.073), Baxter International Inc. ($0.611), Paramount Global ($0.347, analyst questions might be entertaining here) and Stryker Corp ($3.071) on Thursday. Exxon Mobil Corp ($1.556) and Colgate Palmolive Co. ($0.897) report Friday and Berkshire Hathaway Inc. ($7514.743) are out on Monday. See our full earnings and economic calendar here
CTV News
3 hours ago
- CTV News
Adidas may hike U.S. prices, flags US$231 million tariff cost
LONDON — Sportswear brand Adidas warned on Wednesday that it may have to hike prices in the United States, after reporting U.S. tariffs would add around 200 million euros (US$231 million) to costs in the second half. Shares in Adidas fell more than 7 per cent, bringing the stock's losses since the start of this year to 23 per cent. Highlighting the impact of U.S. President Donald Trump's volatile trade policies, Adidas said uncertainty was holding it back from increasing its annual guidance, and it has not yet decided on possible price increases to mitigate the impact. 'We still do not know what the final tariffs in the U.S. will be,' CEO Bjorn Gulden said in a statement. 'We also do not know what the indirect impact on consumer demand will be should all these tariffs cause major inflation.' Adidas will review its pricing and decide which products it could hike prices on in the U.S., once tariffs are finalized, Gulden told journalists on a conference call, declining to say how much prices might increase. 'We will try to keep the prices on known models (stable) as long as we can, and then do new pricing on product that hasn't existed before,' he said. Adidas sales grew 2.2 per cent in euro terms to 5.95 billion euros (US$6.9 billion) in the quarter, lower than analysts' average estimate of 6.2 billion euros, according to data compiled by LSEG. The shortfall will likely fuel fears that, after a run of very strong sales growth fueled by its trendy three-striped multicolored Samba and Gazelle shoes, Adidas is losing momentum. 'For investors to view this as a temporary setback, the company will need to deliver a reassuring message regarding the outlook for H2 and the early 2026 order book,' UBS analyst Robert Krankowski said in a note to clients. Footwear tariffs The U.S. earlier this month announced a 20 per cent levy on many Vietnamese exports and a 19 per cent tariff on goods from Indonesia - Adidas' two biggest sourcing countries which produce 30 per cent and 23 per cent respectively of Adidas products sold in the U.S. Footwear imports into the U.S. already faced tariffs before Trump, and the new duties mean tariffs on footwear from Vietnam have gone up to 46 per cent, from 26 per cent, and from Indonesia to 43 per cent from 24 per cent, Gulden said. Like many other sportswear companies, including Puma, Adidas has been frontloading product shipments into the U.S. ahead of tariffs, driving its inventories up 16 per cent to 5.26 billion euros at the end of June. Despite the impact of tariffs, Gulden said the U.S., which accounts for around a fifth of Adidas sales, is still a key market. 'We want to grow and we are also willing to over-invest in the U.S. to double the business,' he said on the call. Higher tariffs already had a 'double-digit' million euro impact on Adidas' second quarter, and Adidas is also contending with a weaker dollar and weaker Chinese yuan taking 300 million euros off quarterly sales. Quarterly operating profit, however, reached 546 million euros, ahead of analysts' expectations for 520 million. Adidas said 'lifestyle' revenues - from sneakers and casual clothing - grew 13 per cent, helped by cow print, leopard print and metallic versions of its SL72 and Samba sneakers. A merchandise collaboration with rock group Oasis for its reunion tour has also boosted sales, Gulden said. --- Reporting by Linda Pasquini in Gdansk and Helen Reid in London; Editing by Matt Scuffham, David Holmes and Louise Heavens
Globe and Mail
4 hours ago
- Globe and Mail
Iveco Group 2025 Second Quarter
The following is an extract from the 'Iveco Group 2025 Second Quarter' press release. The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: or consulting the accompanying PDF: A quarter of disciplined execution and positive free cash flow. Full year guidance 2025 revised Consolidated revenues amounted to €3,781 million compared to €3,919 million in Q2 2024. Net revenues of Industrial Activities were €3,702 million compared to €3,819 million in Q2 2024, with higher volumes and better mix in Bus and Defence partially offsetting lower volumes in Truck and Powertrain and an adverse foreign exchange rate impact. Adjusted EBIT was €215 million compared to €295 million in Q2 2024, with a 5.7% margin (7.5% in Q2 2024). Adjusted EBIT of Industrial Activities was € 187 million (€264 million in Q2 2024), with cost containment actions in Selling, General & Administrative (SG&A) and Research & Development (R&D) expenses partially offsetting lower volumes and mix, unfavourable pricing and product costs. Adjusted EBIT margin of Industrial Activities was 5.1% (6.9% in Q2 2024), with margin improvements in Bus and Defence. Adjusted net income was €106 million (€182 million Q2 2024) with adjusted diluted earnings per share of €0.39 (€0.63 in Q2 2024). Net financial expenses amounted to €71 million compared to €49 million in Q2 2024. The increase was primarily due to a positive impact of the Argentinian hyperinflation accounting in Q2 2024 (no longer applicable in this country starting from 1 st January 2025) and higher cost of hedge in 2025. Reported income tax expense was €36 million, with an adjusted Effective Tax Rate (adjusted ETR) of 26 % in Q2 2025, which reflects the different tax rates applied in the jurisdictions where the Group operates and some other discrete items. Free cash flow of Industrial Activities was positive at €145 million, an improvement of €243 million compared to Q2 2024, which included a one-off adverse impact linked to the Model Year 2024 launch. The improvement was also due to enhanced working capital resulting from inventory and production optimization. Available liquidity was €4,713 million as of 30 th June 2025 (€4,709 million at 31 st March 2025), including €1,900 million of undrawn committed facilities. Attachment 20250730_PR_IVG_Q2_2025
