(Reuters) -Accenture said on Thursday it will buy Australian cybersecurity firm CyberCX in its largest-ever deal in the sector, with the Australian Financial Review valuing the transaction at more than A$1 billion ($650 million).

Private equity firm BGH Capital is selling CyberCX. However, financial terms have not been disclosed. Neither Accenture nor BGH Capital immediately responded to Reuters requests for comment on the reported valuation.

The deal comes amid a global surge in cases of cyberattacks, as companies from healthcare to finance grapple with increasingly sophisticated threats that disrupt operations and compromise sensitive data.

Melbourne-based CyberCX was formed in 2019 through the merger of 12 smaller cybersecurity firms backed by BGH Capital.

The company now employs ab

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