In merger and acquisition situations, knowledge is power. You need to know where strengths and weaknesses lie. Increasingly, cyber security concerns are leading the list of weaknesses, which means if you’re part of a merger or acquisition, keeping close tabs on cyber security issues has to be a priority.
Every buyer knows there is a certain amount of risk involved in the process. That’s why they do their due diligence and look in every nook and cranny for red flags, particularly with regard to cyber security issues. If you’re being pursued by a buyer and you’ve had a history of weak digital protection, it’s going to come out and it will be up to the buyer to determine how much risk they’ll want to take on going forward.
It’s possible that while a buyer is making a thorough review, they discover a previously undetected hack. Cyber security can’t be solely reactive in nature. While it’s important to have a disaster recovery and business continuity strategy, there is also the element of being proactive and staying a step ahead of malicious hackers.
Patrolling your digital environment is a great way to be proactive. In a situation where your monitoring tools are in place and a hack occurs that goes unnoticed, your value as a company will drop with each bit of data that is compromised, and it could completely kill a deal that was in the works.
Many tools out there today are automated, which means you don’t have to rely on expensive IT employees. You just implement the right monitoring application, establish a baseline for normal activity and red-flag any and all suspicious activity to keep your system free and clear of hackers.
Protecting Your Reputation
Suffering through a damaging cyber attack has a side effect that no business wants — a sullied reputation. Clients will lose trust in an organization that allowed sensitive data, particularly if it belonged to the customer, to get into the wrong hands.
Don’t risk having your reputation tarnished. Work with a qualified agent who can connect you with the tools and services that monitor your system, streamline your processes, and keep you competitive while protecting data in case of a cyber attack.
At AMD Communications, we serve organizations that need the assistance of a top-notch agent with access to cyber security solutions. We’ve saved our clients millions of dollars in IT costs and we can do the same for your organization while also taking care of your cyber security needs. Contact us and let’s discuss how we can assist you.