AS SECURITY INCREASINGLY BECOMES A BOARDROOM ISSUE, CYBER RISKS SHOULD BE A FOCAL POINT IN M&A TALKS. SECURITY CORRESPONDENT DANIEL BARDSLEY SPEAKS TO INDUSTRY EXPERTS TO DISCUSS WHY CONDUCTING A CYBERSECURITY DUE DILIGENCE IS NECESSARY BEFORE SIGNING ON THE DOTTED LINE.
In September last year, Colorado Timberline, an American printing company that worked in the promotions industry, posted a message on its website to say that it had ceased operations following a ransomware attack.
The abrupt closure was not just bad news for the dozens of people who worked there – it was also a disappointing outcome for two private equity firms that, in 2017, had bought Colorado Timberline. A promising investment had quickly turned sour.
There have been numerous high-profile examples of cyber breaches that came to light only after an acquisition. Among them is the leak involving 1.4 million users revealed after TripAdvisor had spent $200 million buying Viator in 2014. TripAdvisor’s share price suffered as a result.
Such unfortunate cases illustrate the cyber risks associated with mergers and acquisitions, and bring to the fore the importance of cybersecurity due diligence, which involves carrying out a comprehensive audit of the cybersecurity status of a target company.
“It’s only been within the last three to five years that cybersecurity has become a fundamental part of the diligence process,” says Steven Chabinsky, a Washington, DC-based partner with the law firm White and Case.
“The rationale is a growing understanding of the impact of cybersecurity for the protection of financial business interests, combined with a growing reliance on technology by companies as part of their value.”
There are multiple reasons why cybersecurity due diligence could be considered. A key factor is the protection of the potential acquisition’s intellectual property rights (IPR).
Diese Geschichte stammt aus der April 2019-Ausgabe von Security Advisor Middle East.
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Diese Geschichte stammt aus der April 2019-Ausgabe von Security Advisor Middle East.
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KASPERSKY SHEDS LIGHT ON THE RANSOMWARE ECOSYSTEM
Ransomware is on the tip of everyone’s tongue every time businesses discuss cyber threats they are likely to face in 2021.
GAJSHIELD: ENABLING CONTEXTUAL VISIBILITY FOR OPTIMUM DATA PROTECTION
HARRISON ALBERT, REGIONAL DIRECTOR, D-LINK MIDDLE EAST AND AFRICA, TELLS SECURITY ADVISOR MIDDLE EAST HOW GAJSHIELD’S CONTEXT-BASED APPROACH TO SECURITY HELPS ORGANISATIONS FIND ANOMALIES, REDUCE FALSE ALARM AND PREVENT INTENTIONAL & UNINTENTIONAL DATA EXPLOITATION.
THALES ANNOUNCES NEW SOLUTIONS TO HELP OGANISATIONS DISCOVER, PROTECT AND CONTROL SENSITIVE DATA IN MULTICLOUD ENVIRONMENTS
THALES HAS ANNOUNCED NEW DATA PROTECTION SOLUTIONS FOR GOOGLE CLOUD, MICROSOFT AZURE, AND AMAZON WEB SERVICES, SOLIDIFYING ITS ROLE AS A TRUSTED THIRD PARTY FOR MULTI-CLOUD DATA SECURITY.
RANSOMWARE RECOVERY COST FOR UAE IN 2021 IS $517,961: SOPHOS SURVEY
THE SURVEY POLLED 5,400 IT DECISION MAKERS IN MID-SIZED ORGANISATIONS IN 30 COUNTRIES ACROSS EUROPE, THE AMERICAS, ASIA-PACIFIC & CENTRAL ASIA, THE MIDDLE EAST, AND AFRICA.
OVERCOMING THE CYBER-PANDEMIC
ABHIJIT MAHADIK, DIRECTOR, CYBERSECURITY & INFRASTRUCTURE – UAE & KSA, RAQMIYAT SPEAKS TO SAME ABOUT THE EVOLVING CYBERSECURITY LANDSCAPE, THE THREATS ORGANISATIONS NEED TO WATCH OUT FOR AND HOW THE SECURITY PRIORITIES OF ORGANISATIONS HAVE SHIFTED SINCE THE PANDEMIC LAST YEAR.
FORTINET: MAKING A MARK @ GISEC
ALAIN PENEL, REGIONAL VICE-PRESIDENT, MIDDLE EAST & PAKISTAN AT FORTINET, EXPLAINS WHAT IT MEANS TO BE A PART OF GISEC THIS YEAR AND HOW FORTINET’S CUTTING-EDGE SOLUTIONS CONTINUE TO PROVIDE MAXIMUM PROTECTION AGAINST CYBERTHREATS AND ATTACKS.
ANATOMY OF AN OT ATTACK
MAHER JADALLAH, SENIOR DIRECTOR - MIDDLE EAST & NORTH AFRICA AT TENABLE, DISCUSSES HOW, INSTEAD OF DEFENDING AGAINST AN ATTACK IN PROGRESS, A MORE SUSTAINABLE APPROACH WOULD BE ONE OF PREVENTION – OF ORGANISATIONS DOING A BETTER JOB OF UNDERSTANDING THEIR SYSTEMS, WHERE AND HOW THOSE SYSTEMS MAY BE EXPOSED, AND PRIORITISING THE THINGS THEY NEED TO PROTECT THESE SYSTEMS.
MICRO FOCUS: OFFERING DRAMA-FREE IT WITH OPTIC
TOUFIC DERBASS, MANAGING DIRECTOR MICRO FOCUS MIDDLE EAST & AFRICA, DISCUSSES HOW THE LATEST IT PLATFORM FROM MICRO FOCUS OFFERS UNIFIED INTERFACE AND & EXPANDED INTEGRATION CAPABILITIES.
COPING WITH THE NEW NORMAL
HUSNI HAMMOUD, MANAGING DIRECTOR - ESET ME, BARRACUDA NETWORKS, IVANTI (PART OF MIDIS GROUP), TELLS SECURITY ADVISOR HOW THE CHALLENGES OF THE LAST ONE YEAR HAVE CHANGED THE BUSINESS LANDSCAPE AND HOW ORGANISATIONS ARE NAVIGATING NEW TRENDS.
AN IN-DEPTH DEFENCE STRATEGY
WERNO GEVERS, REGIONAL MANAGER, MIMECAST MIDDLE EAST, DISCUSSES HOW WHEN IT COMES TO EMAIL SECURITY, IT IS NECESSARY FOR SECURITY PROFESSIONALS TO EVOLVE FROM A PERIMETER-BASED DISCIPLINE TO A MORE PERVASIVE ONE.