AEV taps BlueVoyant for cybersecurity services

MANILA, Philippines — Aboitiz Equity Ventures Inc. (AEV) has tapped the services of global analytics-driven cybersecurity firm BlueVoyant to bolster the conglomerate’s cyberdefense capabilities.

AEV, with its growing investments in power, banking and financial services, food, infrastructure and land, has appointed BlueVoyant to be its managed security services provider.

BlueVoyant is expected to deliver real-time monitoring and vulnerability detection, backed by its 24/7 security operation centers located across the globe. 

“We are excited to bring our world-class, corporate cyber defense capabilities to businesses of all sizes in the Philippines, and we look forward to working with AEV to enhance their cybersecurity posture. These partnerships play a pivotal role in the launch of our operations in the country and around the world,” Bluevoyant International president Gad Goldstein said.

Last year, AEV initiated the quantification of its cyber risks in preparation for the creation of a risk transfer strategy.

AEV said policies and guidelines for cloud storage and cybersecurity were instituted to protect information against unauthorized access and ensure confidentiality, integrity, availability and privacy of information.

“As part of our sustainability journey in 2019 and beyond, the Aboitiz Group aims to work toward achieving an information security risk-aware culture to further strengthen the prevention, detection and comprehensive response to growing global cybersecurity threats,” AEV chief operating officer Sabin Aboitiz said.

In the first half, power accounted for 67 percent of the total income contribution from AEV’s strategic business units. This was followed by banking and financial services with 24 percent, food with six percent, infrastructure with two percent and land with one percent.

The group is eyeing to increase the income contribution of its infrastructure, food and financial services business segments to 10 percent to 20 percent given its potential for growth.