By Josh Fruhlinger
Mergers and acquisitions (M&As) result in huge transitions for businesses worldwide, and these transitional periods can mean increased vulnerability on cybersecurity fronts. If M&As are on the horizon at your company, take a look at what advice IT leaders and cybersecurity pros have to offer.
Josh Fruhlinger writes, “Stephen Boyer, CTO and co-founder of BitSight, knows one of the biggest threats to your company’s tech security: the possibility that it might buy another company. He points to a survey from West Monroe Partners that found that 40% of acquiring companies discovered a cybersecurity problem in an acquired company—after a deal went through. It probably shouldn’t be surprising that, in a 2014 survey from Freshfields Bruckhaus Deringer, a staggering 78% of respondents said cybersecurity is not analyzed in-depth as part of due diligence in an acquisition.
“If you’re working for a company that’s acquiring—or being acquired—how can you avoid falling into this trap? A host of security pros gave us advice on what to do keep things locked down before, during, and after an acquisition.”
Some of the tips from cybersecurity pros include:
- Start planning early.
- Merger documentation can itself be a target.
- Get maximum visibility before the merger.
Read the full article for more tips on M&A cybersecurity.