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Wednesday, 12/29/2021 11:25:34 AM

Wednesday, December 29, 2021 11:25:34 AM

Post# of 248839
Why Cyber Due Diligence Is Essential to the M&A Process

https://www.darkreading.com/vulnerabilities-threats/why-cyber-due-diligence-is-essential-to-the-m-a-process

Excerpt - In the past year, we've seen a 437% increase in ransomware attacks, with many of those breaches occurring after a merger or acquisition announcement. Typical ransomware attacks can cost tens of millions of dollars for a larger firm due to ransom demands, loss of revenue, legal fees, incident response costs, hardware/software replacement, and increased cyber insurance premiums. Company owners, CEOs, and boards of directors are also now being held personally liable for a lack of security oversight following a breach.

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