As mergers and purchases (M&As) increase all over the world cybersecurity is more critical than ever. The stakes are high, when confidential information is accidentally disclosed to bad faith actors during M&A due diligence, or is accidentally revealed in post-M&A integration and operations.
The good news is the right software can help M&A CISOs to ensure the integrity of their data, maintaining compliance, and protecting against the risks associated with M&A activities. This includes the best data room software that combines different digital tools into a single integrated platform with easy uploads of data and single sign-on. It also offers comprehensive auditing and reporting that helps compliance teams maintain control and prevent accidental disclosure.
Virtual data rooms are an ideal tool for managing the M&A processes, from due diligence to post-M&A operations and integration. VDRs permit authorized users to review and share comments on sensitive documents without risk of leakage. They also permit users to create activity reports that indicate who has read and accessed specific document pages. These reports will deter criminals from leaking information because they can trace them back to specific users. These reports also let M&A CISOs to evaluate the level of interest from potential investors or buyers.
Many M&A deals are founded on the value of intellectual property. Life science companies, for instance, depend on virtual data rooms to manage everything from clinical trial results and HIPAA compliance to licensing IP and storages of patient files. When conducting M&A due diligence, it is typical for companies to to furnish and review volumes of documents. This can be time-consuming and labor-intensive for both the business that is acquired and the buyer. A VDR lets you transfer all this information securely and efficiently.
No matter what industry, M&A can be a complex business process that could present significant security risks. The M&A team needs to understand the potential threat posed by adversaries, cybercriminals and disgruntled employees during the operations and integration phases of the M&A lifecycle. These risks can include malware, unauthorized network and system access as well as sabotage and other disruptions that can affect the value proposition of M&A.
M&A could be a rewarding and profitable business venture if you use the appropriate cybersecurity solutions. M&A provides businesses with https://datarooms.in/ an excellent opportunity to increase their global footprint and create value. To ensure that this value isn’t compromised, a M&A-focused cybersecurity strategy must be in place before any transactions are initiated. Download our free guide Cybersecurity for M&A – From the M&A Playbook to learn more. Todd Thiemann is director of product marketing for ReliaQuest GreyMatter, a Security Operations Platform that helps to make cybersecurity possible through M&A by delivering transparency, removing the complexity of heterogenous security stacks and reducing risk and uncertainty so your company can reach its goals.