KPMG ranks as a top firm for Risk & Cyber services

KPMG has received top rankings across multiple categories in the Source client perceptions study: Perceptions of Risk Firms 2023. According to the client perception survey, KPMG leads as the top “firm” for being first choice in “financial risk” and “third party assurance,” and is ranked first for client advocacy in risk.

Additionally, the report indicates that KPMG is the top “firm” for “competitive resilience in risk consulting” and is among the top scorers for quality in “cyber security” by clients.

The report reveals what 300 senior end-users in the US think about the 16 leading risk advisory firms. The report examines how clients see firms differently as they move from awareness to shortlisting a firm to becoming a direct client. The report is intended to help in the understanding of each firm’s positioning in the market and the overall competitive landscape in which they operate.

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According to 200 senior risk executives across 14 industries around the world who participated in analyst firm Verdantix's global corporate risk management service survey, KPMG receives top ranking for providing “market-leading capabilities” among risk consulting firms in Verdantix's Market Perception Trends: Risk Consulting Providers 2023 report.

• 38% of those surveyed said KPMG was marketing leading; higher than any other risk consulting service provider.
• 93% of those surveyed were aware of KPMG.

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KPMG has received top ranking for quality in AI Advice & Implementation in the Source client perceptions study titled "Perceptions of Consulting in the US in 2024," which gathered insights from 700 senior executives, directors, and senior managers in the U.S.

Source conducted the survey to understand how clients perceive consulting firms at different stages of engagement. The respondents, representing a wide range of sectors and business functions, were asked to identify three firms they were familiar with, resulting in 2,100 responses about different firms. Notably, 90 percent of the respondents worked in organizations generating over $500 million in revenue.

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According to the report, “IDC considers KPMG's strategies around offerings, delivery model, workshops and stakeholder alignment, growth, and technology and business skills as key strengths.”

It notes: “According to customers, KPMG's strengths are the company's ability to apply functional- or industry specific methodologies and assets to solve their issues, use next-generation tools and methodologies to deliver AI services, conduct workshops that improve their awareness of AI and its value for their business, provide resources with appropriate and quality technical skills, and provide customer service (particularly onsite).”

And it also reports that “KPMG also showcased strengths in achieving business outcomes for clients with AI services.”

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KPMG Europe has been recognized as a Leader in The Forrester Wave^TM: Cybersecurity Consulting Services in Europe, Q1 2024. The report notes, “KPMG positions cyber as a crucial component of its client business and technology agenda. The firm aligns its cyber offerings portfolio with client business strategies and regional business trends. Over the past 12 to 18 months, it has significantly enhanced its portfolio with initiatives like its Quantum Risk Assessment and the launch of Cyber Risk Insights.”

Additionally, the report states, “KPMG’s industry contribution goes beyond influencing regulation and industry bodies, with market-leading contributions to education and peer-to-peer networks.” Adding, “The firm differentiates by combining product-led offerings with integrated education and client mentoring, during and post implementation. It has significantly improved the impact of its IP in its “Powered by KPMG” offering, including its cyber risk quantification solution, since our last evaluation in 2021. Reference customers praised KPMG for being transparent when it invests in an engagement at a loss to meet broader client objectives and showing excellent customer centricity in general.” The 32-criterion evaluation of cybersecurity consulting services providers in Europe, identifies the most significant ones and researched, analyzed, and scored them. The report shows how each provider measures up and helps security and risk leaders select the right one for their needs.

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KPMG firms have been recognized as “a worldwide Leader in the IDC MarketScape Worldwide Systems Integrators/Consultancies for Cybersecurity Consulting Services 2024 Vendor Assessment”. The report notes, “The breadth of offerings and deep alliance relationships, along with skilled resources and knowledge across multiple cybersecurity domains, are highly appraised by KPMG clients. Additionally, the report states, “IDC's Worldwide Cybersecurity Consulting Services Survey respondents gave high marks to KPMG's effective use of predictive AI, machine learning, and the level of automation used in the engagement. Other highly rated capabilities include effectiveness of sourcing model, flexibility of commercial models, and delivery of work that achieves business objectives.” Adding, “Large global organizations should consider KPMG when its transformation priorities include addressing complex cyber challenges and creating business value of cyber-rooted in the broader business and technology agenda, such as embedding digital trust into corporate strategy and enabling cybersecurity as a differentiator in client value propositions.” The IDC report provides insights into the current capabilities and future strategies of 17 global systems integrators (GSI) and consultancies. Domains studied in cybersecurity consulting services include cybersecurity strategy advisory, program transformations, and architecture assessments.

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KPMG has been recognized as a worldwide Leader in the IDC MarketScape: ESG Program Management Services 2023-2024. According to the report, “KPMG’s service’s adjacent software was one of the strongest in the assessment. By offering a wide range of software to supplement its services engagements, KPMG empowers its clients to continually drive impact even after the services’ engagement has ended.”

Additionally, the report notes that “Customers should consider KPMG in situations where managed software and services are of a high priority. KPMG’s suite of adjacent software extends the impacts of a project past the end of the engagement period.”

The report evaluates 11 environmental, social, and governance (ESG) program management services providers worldwide.

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KPMG has been recognized as a market Leader in ESG environmental consulting, the report notes “For KPMG, ESG is transformative for both themselves and their clients, where ESG is embedded throughout the organization to drive measurable change.” Adding, “For KPMG, ESG is everything a business does and how it does it. Therefore, authenticity in an organization's ESG approach is critical to developing a sustainable future. In addition, to optimize ESG and build sustainability, KPMG works with organizations to embed ESG into the business strategy with board-level support to drive financial value, and effectively communicate goals throughout the organization using ESG metrics to understand KPIs. As a result, KPMG provides an integrated and holistic ESG framework that is embedded throughout the organization to ensure a successful transformation.”

Additionally, the report states “…Climate IQ is KPMG’s tool that allows clients to assess their current portfolios and quantify the potential financial impact of such physical and transition risks as well as opportunities. Climate IQ methodology is streamlined and automated generating financial estimates that provide the forward-looking information to help with strategic capital planning as expected by boards and investors and outlined by the TCFD.”

The report explores how the most innovative professional services providers in 2023 are helping clients understand, develop, and properly manage environmental factors as part of their business strategy – as well as how innovative providers themselves are developing an environmental focused approach that is aligned to meet their own ESG organizational goals.

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KPMG firms have been recognized as a worldwide Leader in the IDC MarketScape Worldwide Cybersecurity Risk Management Services 2023 Vendor Assessment. The report notes “KPMG has a cybersecurity advisory service and works closely with clients to review, enhance, improve, and optimize various cybersecurity processes and solutions. KPMG’s talent pool is made up of professionals skilled in cybersecurity, with deep industry experience, and retains these professionals through a variety of different internal upskilling programs.”

Additionally, the report states “Consider KPMG if your organization needs senior practitioners to provide appropriate strategic cybersecurity and risk guidance and enables clients to deliver their full transformation journey to ensure the cybersecurity risk management program provides resilience across people, process, and technology.” Adding “Couple this outcome to alignment with executive management and board members such that decision-making regarding risks is effective, actionable, and communicated in financial terms and delivered/maintained over time through the managed services offering.”

The IDC report studied 18 vendors that provide cybersecurity risk management services throughout the world. The vendors included in the study had to meet certain criteria to qualify for this vendor assessment.

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KPMG has been recognized as a global Leader in the Verdantix Green Quadrant: ESG and Sustainability Consulting 2024. According to the report, “Through the integration of sustainability into its broader offerings, KPMG has enhanced its ability to support large firms seeking to address sustainability concerns holistically.” Adding “As part of KPMG’s corporate ESG strategy, the firm intends to make ESG the watermark that runs through its global organization. This is motivating the firm to increasingly integrate sustainability considerations in broader technology and business transformation programs, through the construction of cross-functional teams.”

Additionally, the report notes that “Large firms at various levels of ESG maturity, looking for integrated sustainability solutions, should approach KPMG, to profit from its synergistic approach to sustainability. KPMG is also well-suited to firms that require a strategy lens for climate, carbon, circular economy, and water- and nature-related reporting and disclosures. In addition, businesses should contemplate using KPMG’s services for projects involving the testing of governance models for ESG-relevant inadequacies, and to benefit from the provider’s capabilities in anticipating and managing ESG-related reputational risks, and threats from potential litigation and shareholder activism.”

The report provides a detailed, fact-based benchmark of 17 of the most prominent ESG and sustainability consulting providers in the market.

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KPMG firms have been recognized by Forrester in the Cyber Risk Quantification (CRQ) space in their report titled The Cyber Risk Quantification Landscape, Q4 2022. The report provides Chief Information Security Officers (CISOs) insight into CRQ solutions offered by 15 notable vendors and research on business value, market dynamics, and top use cases in the market.

The report notes, “Cyberattacks, incidents, and disruptive events have become so frequent globally that the increased level of cyber risk is now considered normal. Forrester’s 2022 data shows that 74% of global security leaders reported experiencing at least one cyberbreach in the past 12 months, compared to 63% of 2021 respondents.”

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