Security Market Segment LS
Wednesday, 16 October 2019 10:48

MacGibbon, Paitaridis to head new cyber security firm

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Alastair MacGibbon and John Paitaridis. Alastair MacGibbon and John Paitaridis. Supplied

Private equity firm BGH Capital has pumped a sizeable amount into the formation of a cyber security firm CyberCX, which will unite 12 independent firms: Alcorn, Assurance, Asterisk, CQR, Diamond, Enosys, Klein & Co., Phriendly Phishing, Sense of Security, Shearwater, TSS, and YellIT.

The company will be headed by former Optus Business managing director, John Paitaridis, while Alastair MacGibbon, the former head of the Australian Cyber Security Centre, will be the company's chief strategy officer.

The new entity will have 20 offices across the country and will offer consulting and advisory; risk and compliance; security assurance; integration and engineering; training and education; incident response and digital forensics; and managed security services.

Paitaridis, who is also chairman of the Australian Information Industry Association, said: “Cyber security risk should be a number one priority for business owners, senior executives and board directors as organisations increasingly embrace digital connected technologies. It is clear that many businesses, enterprises and government organisations are not yet well enough advised, supported or equipped to defend their mission critical assets.

“Organisations need a cyber security partner with a consultative end-to-end approach. A partner who is independent, understands the intersection between risk and technology, and has the expertise, scale and know-how to confront any cyber threat. CyberCX will have boots on the ground across Australia supporting customer when and where they need us.”

MacGibbon quit the ACSC shortly before the federal election in May and was also associated with the Australian Signals Directorate under the new amalgamated Home Affairs Department.

“CyberCX is committed to being the employer of choice for cyber security and will recruit, develop and grow the best talent in the country,” he said.

“Cyber security is a global problem that is growing. It is the greatest existential threat we face as a society. The reach of cyber threats is pervasive, from websites, email and mobiles, to cars, financial systems, power grids, industrial systems and the Internet of Things. There is no safe harbour.”

Cyber CX will have offices in Sydney, Melbourne, Brisbane, Canberra, Adelaide, and Perth at the start, with more offices planned in months ahead.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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