Cyber Risks Muddy M&A Waters

Fund Technology quotes Viktor Andonov, President of DataArt Bulgaria, in the overview of expert opinions on cyber security risks around mergers and acquisitions.

“The role of [a] cybersecurity due diligence process is not well understood in the industry. Currently, there are no clear practices and no routine best prescribed approaches for companies to evaluate their future partners in the acquisition, which creates a lot of risk for all of these operations. Buying the company translates to buying the data. [They’re] trying to expand their market share, enter another segment or optimize the supply chain. They’re buying past, present and future cybersecurity risks.”