As mergers and acquisitions (M&As) increase across the globe, cybersecurity is more important than ever before. If confidential information is revealed during M&A due-diligence or post-M&A activities, the stakes are high.
The good news is that the right software can help M&A CISOs ensure the integrity of their data, ensure compliance, and safeguard against the risks associated with M&A activities. The right data room solution brings together digital tools into one integrated platform that allows for easy file uploads, single sign-on and thorough auditing. This helps compliance teams maintain control by preventing accidental disclosure.
Virtual data rooms can be an excellent tool for managing the M&A processes from due diligence through post-M&A operations and integration. VDRs allow authorized users to review, share and comment on sensitive documents without the risk of leaks. They also allow users to create activity reports which show who has accessed or read specific pages of documents. These reports can deter criminals from leaking information since they can be traced back to the individual user. These reports also allow M&A CISOs evaluate the level interest from potential buyers or investors.
Many M&A deals are founded on the value of intellectual property. Virtual data rooms are employed by life science companies to handle everything from clinical https://datarooms.in/ trials to HIPAA compliance, to licensing IP to keeping patient records. When it comes to M&A due diligence, it is common for companies to to submit and review large amounts of documents. This can be extremely time consuming and labor intensive for both the business that is acquired and the acquirer. A VDR can be utilized to efficiently transfer all of this information over a secure platform.
M&A is a complicated business process that poses significant security risks, no matter the industry. During the integration and operations phases of the M&A cycle, the M&A team needs to be aware of possible risks that cybercriminals and rivals pose. These risks include malware, unauthorized access to the system or network, sabotage and other disruptions that could affect the value proposition of M&A.
M&A can be an exciting and profitable business experience when you have the appropriate cybersecurity solutions. M&A provides businesses with an excellent opportunity to increase their global footprint and create value. Before any transaction can commence there must be an M&A specific cybersecurity strategy must be implemented to ensure that the value of this deal is not compromised. To find out more read our free guide, Cybersecurity for M&A from the M&A Playbook. Todd Thiemann is director of product marketing at ReliaQuest GreyMatter, a Security Operations Platform that allows cybersecurity to be achieved through M&A by delivering transparency, removing the complexity of diverse security stacks and reducing risk and uncertainty so that your company can reach its goals.