PwC announces two new service offerings

PwC Ireland is delighted to announce the launch of its Threat and Vulnerability Management Service and the extension of its Third-Party Risk Management Service. These developments form part of the continued expansion of PwC’s Managed Services practice and build on the success of the firm’s National Cyber Managed Services Centre based in Cork launched in May 2024. By partnering with PwC Managed Services, business leaders can be confident that their organisation stays relevant and competitive in a rapidly changing market, both now and in the long-term.

Over eight out of ten business leaders stated in PwC’s 2025 Irish CEO Survey that their organisation is exposed to key threats such as macroeconomic volatility, geopolitical risks, cyber risks, technological disruption, the availability of key skills and inflation. Understanding these threats and their impacts on organisations and the third parties that businesses rely on is critical. With the growing set of risks, uncertainties and disruption, ambitious companies are looking to spend more time on their core growth strategies. This is where PwC’s Managed Services comes in, supporting clients to focus on their core competencies, while helping them drive productivity and profitability.

PwC’s 2025 Global Digital Trust Insights shows that 27% of technology leaders rank cyber managed services among their top three investment priorities over the next 12 months. Data from PwC’s latest Global Advisory Thought Leadership Accelerator reveals that businesses that fully embrace managed services as a strategic imperative enjoy a 12.4x performance premium compared to those using managed services solely for cost savings.

Details about PwC’s Ireland’s new Managed Services offerings are:

• Companies are becoming increasingly reliant on, and interconnected with, third parties, meaning end-to-end risk is intensifying further. PwC’s enhanced Third-Party Risk Management offering protects companies from third party risk, providing a broad range of risk management solutions right across the wider business operations: regulatory, financial, strategic and system risk. This enhanced offering builds on the already successful and established Third-Party Risk Management services provided by the PwC National Cyber Managed Services Centre in Cork.
• Threat and Vulnerability Management is a security offering helping organisations identify, assess and manage security vulnerabilities and threats across their organisations. Along with support from its Alliances, PwC uses industry leading technology to identify security weaknesses to ensure its clients’ businesses remain secure. PwC’s offering is versatile and can seamlessly complement and enhance existing in-house security operations to reduce overheads and boost efficiencies.

Speaking at the launch, Féilim Harvey, Managed Services Leader and Partner, PwC Ireland, said: “The old ways of managing our third parties and cybersecurity risks no longer suffice. New threats are emerging as technologies shift and grow. Also, the complexity of managing these risks in a regulated environment is ever increasing.”

“These new service offerings are driven by client demand, an unprecedented risk landscape, regulatory and compliance complexity and unabating cyber breaches. Over four out of ten Irish CEOs (43%) confirmed that they will invest in business process transformation over the next three years. Ambitious companies face many obstacles as they strive to achieve their transformation and growth goals — most notably, getting the balance right between the pressures of looking after the day-to-day business and achieving long-term strategic targets. Availing of PwC’s Managed Services solutions frees up resources and headspace to focus on long-term growth strategy, enabling success and fuelling ambition.”

The emerging regulatory environment has never been so complex. Key regulations such as the Digital Operational Resilience Act (DORA) and the European Network and Information Security Directive (NIS2 Directive) require organisations to be far more vigilant of the risks arising from their supply chains. Third-party risk management and cybersecurity managed services can help simplify the process, allowing organisations to stay secure while focusing on what matters most.

Leonard McAuliffe, Partner, Cybersecurity Practice, PwC Ireland added: “Cyber breaches are almost an everyday occurrence, driven in part by Generative AI (GenAI): 81% of respondents to PwC’s 2025 GenAI Business Leaders Survey respondents agreed that GenAI will likely increase cybersecurity risk in the next 12 months. Our two new service offerings will go a long way towards helping our clients have a more robust cyber environment while operating more safely with third parties. In turn, clients can focus on their core business in the knowledge that they are protected from potential significant reputational and financial damage.”

Notes to editors:

About PwC’s Managed Services practice

PwC’s Managed Services practice allows businesses to focus on their core growth strategies while offering comprehensive support for critical business activities in areas such as operations, regulation and compliance, risk management, financial and strategic risk, innovative technology integration and systemic risk.