Deloitte Acquires Terbium Labs: Does This Mean Digital Shadows Won the Dark Web Indexing Skirmish?

July 7, 2021

Deloitte has been on a cybersecurity shopping spree this year. The giant auditing and consulting firm bought Root9B in January and CloudQuest at the beginning of June. Now, ZDNet reports, “Deloitte Scoops Up Digital Risk Protection Company Terbium Labs.” We like Terbium. Perhaps the acquisition will help Deloitte move past the unfortunate Autonomy affair. Writer Natalie Gagliordi tells us:

“The tax and auditing giant said Terbium Labs’ services — which include a digital risk protection platform that aims to helps organizations detect and remediate data exposure, theft, or misuse — will join Deloitte’s cyber practice and bolster its Detect & Respond offering suite. Terbium Labs’ digital risk platform leverages AI, machine learning, and patented data fingerprinting technologies to identify illicit use of sensitive data online. Deloitte said that adding the Terbium Labs business to its portfolio would enable the company to offer clients another way to continuously monitor for data exposed on the open, deep, or dark web. ‘Finding sensitive or proprietary data once it leaves an organization’s perimeter can be extremely challenging,’ said Kieran Norton, Deloitte Risk & Financial Advisory’s infrastructure solution leader, and principal. ‘Advanced cyber threat intelligence, paired with remediation of data risk exposure requires a balance of advanced technology, keen understanding of regulatory compliance and fine-tuning with an organization’s business needs and risk profile.’”

Among the Deloitte clients that may now benefit from Terbium tech are several governments and Fortune 500 companies. It is not revealed how much Deloitte paid for the privilege.

Terbium Labs lost the marketing fight with an outfit called Digital Shadows. That company has not yet been SPACed, acquired, or IPOed. There are quite a few Dark Web indexing outfits, and quite a bit of the Dark Web traffic appears to come from bots indexing the increasingly shrinky-dink obfuscated Web.

Is Digital Shadows’ marketing up to knocking Deloitte out of the game? Worth watching.

Cynthia Murrell, July 6, 2021

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