When considering the purchase of a business, it is essential to conduct a comprehensive assessment of potential risks, writes Mark Butler.
In today’s digital age, technology risks, particularly cyber threats, have become increasingly significant. Therefore, prioritising cyber security as part of the due diligence process is crucial to gain a full view of any potential risks allowing you to make informed decisions and plan accordingly.
There are four compelling reasons why cyber security should be a priority in the due diligence process when buying a business.
- Assessing the Business’s Technology Infrastructure:
The technology infrastructure of a business plays a vital role in its operations. Cyber security due diligence provides valuable insights into the robustness of the existing infrastructure, including networks, systems, software, and hardware. By assessing the vulnerabilities and weaknesses within the technology stack, you can better understand the potential risks and associated costs of upgrading or securing the infrastructure post-acquisition. This knowledge allows you to make informed decisions about the integration process and develop a strategic…
