KPMG ranks as a top firm for Risk & Cyber services

KPMG received top rankings across multiple categories in Source’s Perceptions of Risk Firms in 2024. According to buyers of risk advisory services who participated in the study, KPMG ranked 1st in multiple risk categories, including:

• 1st for Authority in Risk (seen as an authority on the pressing issues of the day)
• 1st for Quality in Internal Audit
• 1st in First Choice for Program Risk
• 1st in First Choice for Responding to Regulation
• Tied for 1st in First Choice for Third Party Assurance

Additionally, the report indicates that KPMG is among the top firms considered first choice for cyber security, financial risk, and risk transformation, while current clients of KPMG ranked the firm first in quality for responding to regulation compared to current clients of other firms.

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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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The report notes, “the Generative Enterprise is about more than deploying AI―it's about transforming how enterprises operate, innovate, and deliver value. Leaders must embed these trends strategically, fostering ecosystems, enabling collaboration, and rethinking traditional hierarchies to thrive in this dynamic era.” To be acknowledged as a Market Leader (known as Horizon Three), providers must demonstrate the ability to “enable the Generative Enterprise by leveraging AI and Gen AI to redefine how work gets done, driving co-creation with OneEcosystem partners.”

The report summarizes KPMG firms’ key differentiators as: “KPMG leads with its trusted AI framework (ten pillar framework, trusted AI toolbox, approach to optimizing the strategic balance between risk and value from the POC stage), human-centric adoption, and the use of Gen AI internally. Leveraging proprietary tools, sector-specific expertise, and deep tech partnerships, it delivers scalable, end-to-end AI solutions, focusing on outcomes and co-creation with measurable value for clients.”

Additionally, the report notes KPMG’s value proposition as: “Transforming enterprises’ end-to-end operating models by embedding AI/Gen AI to drive value through augmentation and automation, with an emphasis on trust, scalability, human-centric designs, and measurable outcomes for clients across industries.” 

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Forrester’s evaluation of Cyber Risk Quantification Solutions providers identified the 10 most significant ones and researched, analyzed, and scored them. According to the report, “KPMG offers superior user experience, with a highly intuitive interface and some of the most in-depth in-product guidance to help technical and nontechnical users conduct risk analyses from start to finish. It shines in model transparency, scenario scoping, comparative analysis, prioritization, and control performance monitoring. Extensive benchmarks from the firm's global services insights further accelerate CRQ analyses.”

Additionally, the report notes “Customers value the product’s user experience, especially its emphasis on user journeys and guided assessment support, and they like the “complete transparency” in how risk models are applied. Customers also value its benchmarks and reporting but note that when extracting a report, the generated files aren't as polished as its on-screen view.”

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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 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.

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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