By Erwän Keräudy, CEO, CybelAngel
Mergers and Acquisitions (M&As) in the financial services sector continue to increase, despite the new economic challenges from inflation and global political conflicts. In 2021, there was an 89% increase in M&A deals across the banking sector, with an average deal value of $693 million.
M&As in general are a complex and resource-heavy process. It’s not just incorporating the operations of two businesses, but also its financials, assets, human resources, and compliance frameworks. Evaluating and integrating all of these aspects can be significantly challenging, especially when they are to be digitally integrated.
It’s important to understand that different financial organisations operate in different IT ecosystems. The solutions, tools, and network environments they use often greatly differ based on their size, markets, product or service offerings, and budgets. Without an effective assessment of such distinctive IT infrastructures, an M&A could potentially expose both companies to increased security risks.
So, what are these risks, and how are companies falling short in terms of cyber due diligence during an M&A?
The…
