Secure Business M&A With Software For Secure Business M&A
As mergers and purchases (M&As) increase all over the world cybersecurity is more critical than ever before. The stakes are high, should confidential information be accidentally disclosed to bad faith actors during M&A due diligence, or accidentally exposed during post-M&A integration and operations.
The good news is that the right software can assist M&A CISOs maintain the integrity of their data, ensure the compliance of their organization, and help protect against the risks associated with M&A activities. The ideal data room software brings together digital tools into one integrated platform that enables simple uploads of files, a single sign-on, and a thorough auditing. This assists compliance teams in maintaining control by stopping accidental disclosure.
Virtual data rooms can be an effective tool to manage the M&A processes, from due diligence to post-M&A activities and integration. VDRs allow authorized users to read, share and comment on sensitive documents without the risk of leaks. They also have the capability to create activity reports that reveal who has accessed and read specific pages of documents. These reports can deter criminals from leaking information because they can trace them back to individual users. These reports can also help M&A CISOs to assess the level of interest from potential investors or buyers.
Many M&A transactions are founded on intellectual property. Life science companies, for instance, utilize virtual data rooms to manage everything from the results of clinical trials and HIPAA compliance to licensing IP and the storage of patient records. It is not uncommon for companies to be required to review and provide massive volumes of documents as part of M&A due-diligence. This can be time consuming and labor intensive for both the business being acquired and the buyer. A VDR can be used to transfer all this data over an secure platform.
No matter what industry, M&A can be a complex business process that may create significant security risks. During the integration and operations phases of the M&A cycle The M&A team must be aware of the dangers posed by cybercriminals and competitors. These risks may include malware, unauthorized access to networks and systems, sabotage, and other kinds of disruptions that could compromise the M&A value proposition.
M&A could be profitable and rewarding business experience if you choose the appropriate cybersecurity solutions. M&A gives businesses an chance to expand their global footprint and enhance their value. To ensure that this value isn’t affected, a specific cybersecurity strategy should be in place before any transactions begin. To find out more about this, download our free guide Cybersecurity for M&A: From the M&A Playbook. Todd Thiemann, director of product marketing at ReliaQuest GreyMatter is a Security Operations Platform that helps to make cybersecurity possible through M&A. It gives transparency, cuts through the complexity heterogeneous security stacks, and helps manage risk and uncertainty to help your business achieve its goals.
