Mergers and acquisitions happen in the United States to the tune of well above 10,000 per year, a trend held steady over the past decade. Since so much valuable info is involved in these deals, cybercriminals often target them. Learning facts like the three below will help you understand why M&A CyberSecurity is so important and how it works.
Why Is Cybersecurity in Mergers and Acquisitions so Necessary?
Globally, the dollar value of publicly known mergers was some $133.78 million per transaction for Feb. 2019. Reports of cybersecurity issues before or during M&A negotiations can seriously damage the valuation of companies being considered for purchase to the tune of many millions of dollars. Further, protecting companies’ cybersecurity interests — even the largest of companies — shouldn’t cost more than several thousand dollars for high-security protection.
Why Are Acquisitions and Mergers Targeted?
Cybercriminals target companies that are either currently undergoing merger and acquisition negotiations or are expected to soon because they effectively get two data sources for the price of one. Further, the larger companies are, the better their cybersecurity protections typically are. As such, it makes sense to strike while the iron’s hot and hop on board the corporate train that will soon become significantly larger.
Data Transfers Shouldn’t Take Place on Devices Tied to the Internet
In determining whether to merge with or absorb a business entity and attempting to slap a fair valuation on it, parties are often interested in how other businesses’ in-house digital infrastructures are laid out. Although transferring such information to one another through the internet is convenient and supposedly secure, you should make sure to never store or share such info on any devices connected to the World Wide Web. If buyers want to see your digital infrastructure and its data, for example, isolate it from the web, download it in physical form, hand-deliver it to prospective buyers, and oversee their perusing of that info and make sure it’s safe. This is a solid means of beefing up Business Name.
You can find the address to our San Diego-based headquarters and our contact by visiting the website. We can have all of your Business Name addressed to the fullest extent possible.
