As little as four years ago, only about a third of companies considered cybersecurity when planning a merger. Today, that percentage has flipped.
“When you look at mergers where one big company buys another big company, I’d estimate that the cybersecurity teams do get involved about 60 percent of the time prior to the acquisition being executed,” said John Pescatore, director of emerging trends at SANS Institute.
A number of high-profile breaches have alerted corporate executives to the potential risks of data breaches.
Last year, for example, attackers hit Pacnet, an Asian telecom provider, two weeks before Telstra bought it for nearly $700 million — but Telstra didn’t learn about the breach until the deal was closed.