GEC NEWS WIREFireEye and Mandiant consultants collaborated to generate risk ratings of target security areas and developed recommendations that customers, their legal partners, and other M&A advisors can use for decision-making.
“M&A activities are serving as a critical loophole for advanced cyberattacks. The inadequacy of cybersecurity and response technology has made M&A processes increasingly vulnerable to persistent cyber intrusions. Against this backdrop, it is imperative for companies to introduce an intelligence-led security approach to identify and assess risks harbored by target organizations. Evaluation of companies for cyber risk during acquisitions and mergers cannot be deemed optional anymore. The inability to formulate a streamlined process to efficiently manage existing and potential cyber threats can lead to consequential legal and financial challenges in the long run,” said Stuart Davis, Director of Mandiant Services.
