Security News > 2021 > September > Don't let cybercriminals ruin your merger or acquisition–follow this expert's advice
Companies are vulnerable to potential cyberthreats during mergers and acquisitions; learn from an expert why and how to reduce security risks during the transition.
Why are cybercriminals targeting companies undergoing a merger or acquisition?
If it appears there is no infosec function, the company may be that soft target cybercriminals are seeking.
Are processes in place to notify all employees that cybercriminals may be targeting the company's digital assets?
The merger press release may feel good, but if cybersecurity is substandard, it might be best to hold off until the companies are in a better cybersecurity position and have beefed up cyber defenses.
What are the potential impacts of a cyberattack during an M&A? Crowley: Some of the potential impacts would be loss of intellectual property that sets up a competitor, or a nasty surprise after the deal is complete that includes paying out a substantial ransom, plus the associated costs of remediation, legal, staff time, and revenue loss, while trying to transition the company to new ownership.