This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
Weak Cyber Due Diligence a Threat to M&A
Majority of dealmakers would abandon a transaction if a cyber breach occurred before completion, survey shows.
Cyber security breaches pose a real threat to M&A deals but companies are too complacent in the assessment of cyber risk, according to a recent survey of 214 “dealmakers” from Freshfields Bruckhaus Deringer.
The international law firm reports that 90% of survey respondents believe that cyber breaches result in deal reduction value and 83% say that their companies would abandon transactions if cyber breaches are identified before sale completion.
Originally published on PropertyCasualty360. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.