As mergers and acquisitions (M&A) grow around the world cybersecurity is more crucial than ever for business. The stakes are very high should confidential information be accidentally disclosed to bad faith actors during M&A due diligence, or accidentally revealed during post-M&A integration and operations.
The good news is that the right software can help M&A CISOs to ensure the integrity of data, maintain the compliance of their organization, and help protect against the risks that come with M&A activities. This includes a data room solution that consolidates diverse digital tools into one single integrated platform with easy uploads of data and single sign-on. It also offers complete auditing and reporting that help compliance teams keep control and avoid accidental disclosure.
Virtual data rooms can be an excellent tool for managing the M&A processes from due diligence to post-M&A processes and integration. VDRs make it easy for authorized users to read, share and comment on sensitive documents without risk of leaks. They also have the capability to create activity reports that reveal who has read and accessed specific pages of documents. These reports can deter bad actors from leaking information because they can be traced back to individual users. They can also help M&A CISOs assess the level of interest from potential investors or buyers.
Many M&A deals are built around the value of intellectual property. Virtual data rooms are used by life science companies to manage everything from clinical trial results to HIPAA compliance, from licensing IP and storing patient files. When conducting M&A due diligence, it is common for companies to have to supply and review a large amount of documents. This can be very time consuming and labor intensive for both the business that is acquired and the buyer. A VDR can be used to share all this information via an secure platform.
Regardless of the industry, M&A can be a complex business procedure that can pose significant security risks. The M&A team needs to understand the risk posed by cybercriminals, competitors and disgruntled employees during the operational and integration phases of the M&A lifecycle. These risks could include malware, unauthorised access to systems and networks as well as sabotage and other disruptions that can undermine M&A's value proposition.
M&A could be an exciting and profitable business venture if you use the appropriate cybersecurity solutions. M&A is a great opportunity for businesses to create https://datarooms.in/ value and expand their global footprint. To ensure that this value is not compromised, a focused cybersecurity strategy must be in place before 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 marketing for the product of ReliaQuest GreyMatter, a Security Operations Platform that makes cybersecurity possible through M&A by providing transparency, removing the complexity of heterogeneous security platforms and minimizing risk and uncertainty so your company can reach its goals.