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On the hunt for merger or acquisition? Make sure your target is secure

Discussion in 'CSO' started by RSS, Oct 22, 2015.

  1. RSS

    RSS New Member Member

    Security experts regularly exhort organizations to improve their security not just internally but externally as well, in their business relationships with third parties.

    In many cases, it is more than an exhortation – it’s a mandate. Last year’s updated standards for the payment card industry (PCI) made a point of addressing third-party risks.

    But some evidence suggests an area of third-party relationships where security still lags is mergers and acquisitions (M&A).

    In a survey of, “214 global deal-makers from corporates, financial institutions, investors and legal services providers,” the London-based law firm Freshfields Bruckhaus Deringer found that while there is plenty of awareness (74 percent of acquirers and 60 percent of sellers) about the effect that cyber security risks can have on a pending deal, a large majority of respondents – 78 percent – “believe cyber security is not analyzed in great depth or specifically quantified as part of the M&A due diligence process.”

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