Booz Allen wins $113 million cybersecurity contract from SEC
Technology consultancy Booz Allen Hamilton has won a 10-year contract worth $113 million from the Security and Exchange Commission (SEC) to provide modernized cyber defense operations support. The new contract makes Booz Allen the SEC’s major provider of cybersecurity services.
According to Booz Allen, the firm was selected because of its understanding of the agency’s mission, and its reputation for delivering modernized cyber defenses for federal and commercial clients. Booz Allen’s cyber clients include more than 80% of the federal government and 23 of the top Fortune 100 financial, global, pharma, oil and gas, and utility companies.
The SEC enforces federal securities laws and regulates the country’s securities exchanges. With both the financial sector and US agencies serving as top targets for state and non-state actors, cyber defenses at the SEC need to be as strong as possible.
“Our team will provide the SEC with leading-edge, threat-centric, proactive cyber defense with the ability to detect and proactively address unknown threats, keep up with the rapid pace of change in the cyber industry and provide advanced cyber capabilities at scale,” said Mark Gamis, SVP at Booz Allen.
The consulting firm will leverage its expertise across threat hunting, penetration testing, DevSecOps, security engineering, and malware analysis, among other areas.
“The SEC is essential to the strong functioning of the US and world economy, so we are proud the agency is entrusting Booz Allen to deliver cyber defense operations to protect its data and other critical assets from increasingly aggressive and destructive cyber attacks,” Gamis added.
Booz Allen is the largest provider of cybersecurity professional services in North America, according to Frost & Sullivan’s 2018/2019 analysis of the market. The North American managed and professional security services market totaled $7.2 billion in 2016, according to the report.
Earlier this year, the company won a $178 million US Navy contract to modernize global positioning systems (GPS).
