How cyber threats could be hurting your deal

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4 minute read 18 Oct 2018
By

EY Global

Multidisciplinary professional services organization

4 minute read 18 Oct 2018
Related topics Cybersecurity Assurance

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Don’t make yourself a target for hackers when you announce M&A plans. Learn how to avoid potential pitfalls.

Many companies don’t realize that announcing they are about to engage in an M&A as part of their growth strategy puts up a red flag to potential hackers. Planning for an M&A requires different functional areas of a company to share information internally as well as externally with external advisors and with people from the target company.

This gives hackers an opportunity to phish for key passwords and other access points that would let them steal intellectual property and even consumer data. Organizations also need to uncover potential risks in the targeted companies that might expose them to cyberattacks once the transaction is closed.

In this video, Doree Keating and Liz Lippert of EY explain how companies using cyber diligence can mitigate these risks and still move forward with the transaction.

Summary

With growing concerns over cyber attacks, executives and Fortune 500 boards are taking a hard look at cybersecurity, and how a breach can hurt their M&A strategy and their business.

About this article

By

EY Global

Multidisciplinary professional services organization

Related topics Cybersecurity Assurance