As mergers and acquisitions (M&A) grow around the world cybersecurity is more important than ever before datarooms.in for businesses. The stakes are high when confidential information is accidentally divulged to bad actors during M&A due diligence, or is accidentally revealed during post-M&A integration and operations.
The good news is that the right software can assist M&A CISOs in ensuring integrity of data, keeping the compliance of the law, and reducing the risks associated M&A activities. This includes the right data room software that combines several digital tools into a single platform that is easy to use with uploads of files and single sign-on. Additionally, it provides comprehensive auditing and reporting that help compliance teams keep control and avoid accidental disclosure.
Virtual data rooms can be an excellent tool for managing the M&A processes, from due diligence to post-M&A operations and integration. VDRs allow authorized users to read and share sensitive documents without risk of leaks. They also allow users to create activity reports that reveal who has read and accessed specific pages of documents. These reports can stop those who leak data from being caught because they can trace them back to specific users. They can also help M&A CISOs evaluate the level of interest from potential investors or buyers.
Many M&A deals are founded on the value of intellectual property. Virtual data rooms are utilized by life science companies to handle everything from clinical trial results to HIPAA compliance, from licensing IP and keeping patient records. It is not unusual for companies to be asked to review and provide large volumes of documents in M&A due-diligence. This can be a very labor-intensive and time-consuming process for both the company being acquired and the buyer. A VDR can be used to efficiently transfer all of this information on a secure platform.
No matter what industry, M&A can be a complex business process that could create significant security risks. In the integration and operation phases of the M&A cycle, the M&A team must understand the possible risks that cybercriminals and rivals pose. These risks could include malware, unauthorised network and system access, sabotage, and other disruptions that could undermine M&A’s value proposition.
M&A can turn into profitable and rewarding business venture if you use the best cybersecurity solutions. M&A provides businesses with an excellent chance to expand their global footprint and create value. To ensure that this value isn’t compromised, a M&A-focused cybersecurity strategy must be in place prior to when transactions are initiated. Download our free guide on cybersecurity for M&A – Part of the M&A Playbook to learn more. Todd Thiemann, director of product marketing at ReliaQuest GreyMatter is a Security Operations Platform that can make cybersecurity possible through M&A. It delivers visibility, cuts through complex security stacks that are heterogeneous, and manages risk and uncertainty to help your business achieve its goals.