As mergers and acquisitions (M&A) are increasing across the globe cybersecurity is more important than ever for business. If confidential information is disclosed during M&A due-diligence, or during post-M&A operations, the stakes are high.
The good news is that the appropriate software can aid M&A CISOs maintain the integrity of their data, ensure compliance, and guard against the risks associated with M&A activities. This includes the best data room solution that consolidates several digital tools into a single integrated platform that allows for simple file uploads and single sign-on. Additionally, it provides extensive auditing and reporting options that aids compliance teams in maintaining control of their data and prevent accidental disclosure.
Virtual data rooms are an excellent method of managing the M&A process from due diligence to post-M&A integration and operations. VDRs enable authorized users to review, share and comment on sensitive documents with no risk of leaks. They also let users create activity reports, which reveal who has accessed or read specific pages of documents. These reports can deter malicious actors from leaking information since they can be traced back to individuals. These reports also allow M&A CISOs assess the level interest from potential buyers or investors.
Many M&A transactions are founded on intellectual property. Virtual data rooms are used by life science companies to handle everything from clinical trial results to HIPAA compliance, to licensing IP to the storage of patient files. It is not uncommon for companies to review and supply large volumes of documents in M&A due-diligence. This can be a very labor-intensive and time-consuming process for both the business being acquired and the acquirer. A VDR can be utilized to efficiently share all of this data via an encrypted platform.
M&A is a complicated business process that poses significant security risks, irrespective of the industry. In the integration and operation phases of the M&A cycle the M&A team needs to be aware of dangers from cybercriminals and their competitors. These risks may include malware, unauthorised access to systems and networks, sabotage, and other kinds of disruptions that could affect the M&A value proposition.
M&A could be an enjoyable and profitable business experience with the best cybersecurity solutions. M&A gives businesses an opportunity to expand their global footprint and increase their value. To datarooms.in ensure that this value is not compromised, a M&A-focused cybersecurity strategy should be in place before any transactions begin. Download our free guide on cybersecurity for M&A – From the M&A Playbook to learn more. Todd Thiemann is director of marketing for the product of ReliaQuest GreyMatter, a Security Operations Platform that allows cybersecurity to be achieved through M&A, delivering visibility, cutting through the complexity of heterogenous security platforms and minimizing risk and uncertainty so your company can reach its goals.
