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.