Secure Business M&A with Software for Secure Business M&A
As mergers and acquisitions (M&As) increase all over the world cybersecurity is more important than ever. If sensitive information is accidentally divulged during M&A due-diligence or post-M&A transactions, the stakes are high.
The good news is that the appropriate software can aid M&A CISOs to ensure the integrity of their data, ensure compliance, and protect against the risk associated with M&A activities. The best data room solution integrates digital tools into one integrated platform that permits easy file uploads, single sign-on, and a extensive auditing. This assists compliance teams in maintaining control by keeping out any accidental disclosure.
Virtual data rooms are an excellent tool for managing the M&A processes from due diligence through post-M&A operations and integration. VDRs allow authorized users to read and share sensitive documents without risk of leaks. They also allow users to create activity reports that reveal who has accessed or read specific pages of documents. These reports can discourage those who leak data from being caught since they can be traced back to individual users. These reports also let M&A CISOs evaluate the level interest from potential buyers or investors.
Many M&A deals are built around the value of intellectual property. Virtual data rooms are utilized by life science companies to manage everything from clinical trial results to HIPAA compliance, to licensing IP and the storage of patient files. When conducting M&A due diligence, it is common for companies to have to submit and review large amounts of documents. This can be a labor-intensive and time-consuming process for both the company being acquired and the acquirer. A VDR can be used to share all this information over a secure platform.
M&A is a complicated business procedure that can create significant security risks, regardless of the industry. The M&A team needs to understand the potential risks posed by competitors, cybercriminals and disgruntled employees during the integration and operation phases of the M&A lifecycle. These risks can include malware, unauthorized access to systems and networks as well as sabotage and other disruptions that can make M&A less valuable.
With the right security solutions in place, M&A can be a lucrative and rewarding business experience. M&A gives businesses an opportunity to increase their global footprint and enhance their value. To ensure that this value is not compromised, a M&A-focused cybersecurity strategy must be in place prior to any transactions are initiated. Download our free guide on cybersecurity for M&A – From the M&A Playbook to learn more. Todd Thiemann is director of product marketing at ReliaQuest GreyMatter, a Security Operations Platform that allows cybersecurity to be achieved through M&A and provides transparency, removing the complexity of heterogeneous security stacks, and reducing risk and uncertainty so your company can achieve its objectives.
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