IT Brief Australia logo
Technology news for Australia's largest enterprises
Story image

Phronesis Security achieves B-Corp certified status

By Shannon Williams
Tue 2 Aug 2022

Phronesis Security has become the first cyber security company in Australia to achieve the coveted B Corp certification, having been certified since June 2022. 

The B Corp status comes in recognition of the positive impact created through Phronesis Security's business operations that founder and CEO Elliot Dellys hopes other businesses can adopt to improve their social and environmental impact.

Phronesis Security has deployed a corporate philanthropy model, inspired by effective altruism and the 80,000 hours project, in which 10% of monthly profit (capped to 3% of revenue ) is donated to a small number of highly effective charities, selected through a rigorous process to ensure the greatest impact per dollar.

The cyber security firm works with an array of clients including government, critical infrastructure, charities, payment providers and technology start-ups. Phronesis Security achieved an assessment score of 102.2 from B Lab, exceeding the minimum certification score of 80 that is calculated through a rigorous assessment measuring the company's overall positive impact on the environment, community, customers, governance, and workers. The company also scored highly for its overall mission transparency and business ethics, with a number of internal initiatives designed to reward environmental awareness, employee wellbeing and culture rather than sales figures and business development.

Recognised in the B Corp Workers score, Phronesis Security also offers a raft of handsome employee benefits as labour shortages increase and the war for talent in the cybersecurity sector heats up. Phronesis consultants receive generous training allowances, dedicated mental health and community leave, work from home office and ICT allowances, and a remote-by-default policy that provides employees with access to coworking spaces over 750 locations across 38 countries.

Underpinning the B Corp impact score is the company's monthly charity donations, embedded into the core operating model of the business and dedicated to supporting charities that are internally validated as being amongst the most effective per-dollar in Australia: Against Malaria Foundation, Australian Indigenous Education Foundation and Carbon Positive Australia.

In the 12 months since launching, Phronesis Security has been able to support the building of 1,433 anti-malaria bed nets, approximately 24% of the cost of an Indigenous tertiary education scholarship, and offset 244 tonnes of CO2 equivalent against a calculated annual footprint of 79.45 tonnes. The plan is for the company's impact to scale with growth.

Phronesis Security proudly believes no client should work with them due to their donation model, which it sees as a happy by-product of its mission of doing cyber security for good. The Melbourne-based firm attracts and retains its clients through a deep commitment to tackling cyber security as a business challenge, rather than a technology challenge, in which communication and understanding the clients core business and culture are utterly essential.

In a sector where improving social and environmental impact is often not the core focus, Phronesis Security CEO and Founder Elliot Dellys says he has a vision where corporate philanthropy is the norm, not the exception, and hopes his model will be adopted by more in the sector and broader business community.

"We are proud to be a part of the B Corp community and hope to demonstrate how maximising impact need not come at the expense of growth," he says.

"When I worked in the Australian Signals Directorate, mission was at the core of everything we did, and that sense of purpose was something I sought to emulate in my own company. 

"At Phronesis Security, every billable hour contributes to our social and environmental impact. It is part of who we are and guides us towards staff and clientele who share our values and vision.

"Our model is predicated on giving the team a data-driven mission that's tied to clear, tangible impacts," says Dellys. 

"We leave work every day knowing that what we have done isn't just helping our clients protect their crown jewels, but also protecting our planet and disadvantaged people. Its our way of using our skills to generate the greatest possible impact."

Kira Day welcomes Phronesis Security into the B Corp community.

"We congratulate Phronesis on joining our community of Certified B Corporations in Australia and around the world. B Corp Certification is one of the ways businesses can demonstrate that they are committed to being accountable and making decisions with a long-term view. For most businesses, including Phronesis, this milestone is a huge achievement but also the start of a journey of continuous improvement," Day says.

On top of its philanthropic model, emissions reduction has been a core pillar of Phronesis Security's operations. The company has leaned on the guidance and support of charity partner, Carbon Positive Australia to drastically reduce its emissions and implement a robust carbon offset strategy.

Chief Executive of Carbon Positive Australia, Louise Tarrier says of the partnership with Phronesis, "We are always delighted to partner with B Corp organisations because we begin from a place of shared values. 

"Our partnership with Phronesis assists us in planting native trees across Australia," she says. 

"These trees sequester carbon and increase biodiversity by providing habitat for flora and fauna."

The B Corp certification comes off the back of the firm recently becoming a PCI DSS Qualified Security Assessor Company, giving Phronesis Security the ability to perform compliance audits for organisations storing or processing credit card information. With the two certifications it aims to nurture its impact model while simultaneously bolstering its impressive growth by maintaining the highest standards of service delivery.

Related stories
Top stories
Story image
Cyber attacks
Dramatic uptick in threat activity with exploits growing nearly 150%
"While it’s not a surprise given increased attack opportunities like remote work, it’s still a worrying development and one we cannot ignore."
Story image
Australian IT security concerns higher than before pandemic
Australian organisations are more concerned about cyberattacks than they were prior to the COVID-19 pandemic, according to a new survey.
Story image
Gartner Magic Quadrant
Gartner names Lookout a Visionary in 2022 Magic Quadrant
Gartner has recognised Lookout as a Visionary in the 2022 Magic Quadrant for Security Service Edge (SSE) and one of the top three offerings in the 2022 Gartner Critical Capabilities for SSE report.
Story image
Data breach
Weak breach data disclosure laws for IP theft leaves vital Australian industries vulnerable
Infoblox has seen unprecedented levels of demand for cyber protection from companies outside of the Critical Infrastructure Act who have discovered security events and those who fear falling victim to IP theft.
Story image
Digital Transformation
Common challenges in the evolving digital world, and how to overcome them
Five technology challenges that will help highlight potential pain points and suggest how to circumvent or overcome them on the path to a smooth digital transformation.
Story image
Organisations exposing highly sensitive protocols to public internet
More than 60% of organisations expose remote control protocol SSH to the public internet, while 36% of organisations expose the insecure FTP protocol.
Story image
Exclusive: The Access Group shares the benefits of embracing SaaS
In today's rapidly changing working environments, efficiency and productivity are surefire ways to create business growth and success.
Story image
Microsoft, NSW partnership to accelerate digital transformation
The renewed partnership is designed to maximise the value of Microsoft solutions to various NSW Government agencies.
Story image
Why the Metaverse could be the key to enhancing the healthcare sector
The experts at Accenture understand that the programmable world is about building the next version of the physical world in healthcare, understanding complex layers in order to fully utilise technology to its maximum effect.
Story image
Latest VMware threat report reveals truth about deepfakes
"Cyber criminals have evolved. Their new goal is to use deepfake technology to compromise organisations and gain access to their environment."
Story image
Palo Alto Networks responds to rise in threats with MDR service
Unit 42 Managed Detection and Response is a new service that can offer continuous 24/7 threat detection, investigation and response.
Story image
Red Hat
Red Hat announces 2022 awards winners for A/NZ region
Red Hat recently acknowledged Australia and New Zealand partners with its annual awards, highlighting partners across various categories.
Story image
Avast One extends protection with Online Safety Score
Avast One has extended its cross-platform support by adding its Online Safety Score feature to both the Mac and iOS platforms of Avast One.
Story image
Why enhancing bot protection for web and API endpoints matters
The trouble with bots is that they aren’t all bad. Unfortunately, this can make it challenging to detect malicious bots that find their way into your system and threaten your business.
Story image
Automation to take over 63 million jobs in APAC by 2040 - report
Forrester forecasts that working populations in the five largest economies in APAC are more at risk of physical robot automation than in Europe and North America.
Story image
Enterprise Resource Planning / ERP
Exclusive: SYSPRO on how ERP plays a role in Australia's manufacturing investment plan
While there is a significant drive for change, it's really down to execution, and businesses need to be prepared to find the right strategies for them to make full use of the government support.
Story image
SnapLogic teams up with meetmagic for charity and children
SnapLogic has announced its partnership with meetmagic, an online Australian platform that combines business and philanthropy.
Story image
Dark web
Beware the darkverse and its cyber-physical threats
A darkverse of criminality hidden from law enforcement could quickly evolve to fuel a new industry of metaverse-related cybercrime.
AWS Marketplace
Learn how security orchestration, automation, and response (SOAR) enhances your security strategy.
Link image
Story image
First Nations and INCO's $750,000 First Nations digitisation fund
INCO has launched its First Australians Digitisation Fund, with support from, to help organisations using tech to achieve better outcomes for First Nations communities.
Story image
IBM expands Power10 server line for business modernisation
IBM has recently announced a significant expansion of its Power10 server line with the introduction of mid-range and scale-out systems.
Story image
VIQ Solutions starts contract with Queensland Courts DJAG
VIQ Solutions has started providing transcription and recording services to Queensland Courts Department of Justice and Attorney General.
Story image
Snyk announces plans to expand partner network in APJ
Recognising that partnerships are critical for growth, Snyk is building an entire partner ecosystem that will drive its expansion across APJ.
Story image
Keysight Technologies and Nokia’s public test of 800GE success
Keysight and Nokia have successfully demonstrated the first public 800GE test, validating the readiness of next-generation optics for service providers and network operators.
Story image
Data Protection
VMware introduces advanced workload protection for AWS
VMware Carbon Black Workload for AWS delivers comprehensive visibility and security across on-premises and cloud environments for AWS customers.
Story image
Application Performance Monitoring / APM
New Relic integrates offering with Atlassian’s Jira Software
New Relic has integrated errors inbox with Jira Software to allow developers to easily access and set up complete stack error tracking and software performance monitoring from within the tool.
Story image
Data analytics
Data analytics a struggle for A/NZ healthcare organisations
A study by InterSystems has found that most Australian and New Zealand healthcare organisations struggle to use data analytics to support their business objectives.
Story image
Aus Steel selects SYSPRO Cloud ERP in digitalisation journey
Aus Steel has selected global ERP specialist SYSPRO to help the company drive efficiencies in its build process and improve the scheduling of its precision engineered frames.
Story image
Remote Working
Cybersecurity concerns higher than before the pandemic - report
BeyondTrust's new survey shows Australian organisations are more concerned about cyberattacks than they were before the COVID-19 pandemic.
Story image
Digital Transformation
Adobe and FC Bayern collaborate on a multi-year partnership
Adobe is embarking on a multi-year partnership with FC Bayern, using its enterprise solutions to carry out the club’s digital transformation.
Story image
Datacom research explores reality of zero trust in A/NZ
Zero trust is fast emerging as global best practice in cybersecurity and local leaders are on board, with 83% considering it essential to security.
Story image
Australian Spatial Analytics
Australian Spatial Analytics expands to Melbourne
The data services provider employing neurodiverse people experiences significant growth, gearing up for national expansion.
Story image
Hybrid Cloud
The essential guide to digital transformation by SolarWinds
Digital transformation is a buzzword thrown around all the time by companies, but what does it actually mean and why is it important? SolarWinds breaks it down.
Story image
Privileged Access Management / PAM
The importance of stopping identity sprawl for cybersecurity
The 2021 Data Breach Investigations Report (DBIR) shows that 61% of all breaches involve malicious actors gaining unauthorised, privileged access to data by using a compromised credential. Unfortunately, it is often too late when the misuse of a credential is detected.
Story image
High level of Customer Identity & Access Management adoption
The study from Okta revealed that the pandemic has either accelerated or highlighted the need for digital-first strategies.
AWS Marketplace
See how managed security services (MSS) have evolved to Managed Detection and Response (MDR) and Extended Detection and Response (XDR). Learn how these new holistic solutions can simplify security management and improve your threat detection and response.
Link image
Story image
Online shoppers leaving cart because of high shipping costs - report
New research commissioned by HUBBED reveals 90% of online shoppers abandoned a cart due to high shipping costs, and 64% say the lack of security was a purchase deterrent.
Story image
Enterprise Resource Planning / ERP
Why the right ERP (and partner) is crucial to an innovative and successful business
Enterprise Resource Planning (ERP) is a foundational step to ensuring a robust business model; here's why choosing the right one could be vital to ensuring long-term success and innovative results.
Discover why a localised cloud ERP is the way to go for Australian businesses.
Link image
Story image
Artificial Intelligence
Exclusive: NZ-based DEFEND offers global cyber protection
DEFEND supports customers in 66 countries across the globe with a relentless focus on ensuring that every dollar spent on security provides a meaningful return on investment and reduces cyber risk.
Story image
Why security needs to shape your journey to the cloud
It's estimated that 80% of workloads could be in the cloud in the next few years. How can you make all that data secure?
Story image
Big business in cryptocurrencies and cybercrime
As of June this year, about a quarter (26%) of Australians considered cryptocurrency as a good investment, and over 36% have at one point considered buying cryptocurrency as an investment.
Story image
Digital Transformation
Dear boardroom, please don’t put digital transformation back in the box
Australian companies are years ahead of where they would have been – a position that the country is poised to take advantage of to do great things. And one that it risks losing.