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.
Dealmakers recognize cyber's growing threat, but aren't addressing it: More than 75% of respondents say that cyber security is not analyzed during due diligence.
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