As mergers and purchases (M&As) increase all over the world cybersecurity is more critical than ever before. If confidential information is disclosed during M&A due-diligence, or during datarooms.in post-M&A transactions, the stakes are high.
The good news is that the right software can aid M&A CISOs ensure the accuracy of data, ensure compliance, and safeguard against the risks that come with M&A activities. This is why they need the right data room solution that combines various digital tools into a single integrated platform, with simple uploads of data and single sign-on. It also offers comprehensive auditing and reports that helps compliance teams maintain control of their data and prevent accidental disclosure.
Virtual data rooms can be a great tool to manage the M&A processes from due diligence to post-M&A operations and integration. VDRs allow 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 pages of documents. These reports will deter those who leak data from being caught since they can be traced back to individual users. These reports also allow M&A CISOs to assess the level of interest from potential investors or buyers.
Many M&A deals are based on the value of intellectual property. Virtual data rooms are used by life science companies to handle everything, from clinical trial results to HIPAA compliance, from licensing IP and the storage of patient files. During M&A due diligence, it’s common for companies to have 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 can be used to transfer all of this information via secured platforms.
M&A is a complicated business process that can pose significant security risks, irrespective of the industry. During the integration and operations phases of the M&A cycle, the M&A team must be aware of possible risks that cybercriminals and rivals pose. These risks can include malware, unauthorised access to the system or network, sabotage, and other disruptions that can undermine M&A’s value proposition.
M&A can become profitable and rewarding business venture if you use the right cybersecurity solutions. M&A is a great chance for businesses to increase value and expand their global reach. Before any transaction can be initiated the process, an M&A focused cybersecurity strategy should be put in place to ensure the value of the deal is not diminished. To learn more get 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 can make cybersecurity possible through M&A. It delivers transparency, cuts through the complexity heterogeneous security stacks, and helps manage risk and uncertainty to help your business reach its goals.