Pre Deal Cyber Due Diligence

Our CEO was recently asked to contribute to the cover story for ICAEW’s prestigious Corporate Financier magazine. Read his thoughts here…..https://www.icaew.com/technical/corporate-finance/corporate-finance-faculty/corporate-financier

“There are going to be gaps and a hacker can look to exploit them.” “You can be investing in a company where you don’t understand the hidden risk itself,” says Kenny Boyce, lead cyber auditor at Third Party Cyber Security (TPCS), an adviser on cyber risks in M&A. “Cyber is like an iceberg – 80% of the risk is hidden. If you’re not doing your cyber security due diligence, then you are investing blindly – potentially in a company whose IP is already for sale on the dark web, for example – without understanding the risk to your capital. “When we highlight issues, it generally won’t stop a deal from happening, but will provide insights into some contractual requirements,” he adds. “We’re saying invest in this company, understand the risk of doing so, and here are some of the legal and contractual requirements to make sure that your investment is protected, based on the risks we’ve identified.