Reply To: Cybersecurity in DD

#112439

Rochelle Ramos
Participant

Definitely! The extend of involvement can become very complex, depending on the type of company. For example, I previously worked for a escrow company where we assisted with the signing of mortgage and title documents for the purchase of property. Risk of identify theft, fines for not protecting individual’s personal information, and the damage that can be done to a companies reputation for putting information at risk, can be a huge concern during the due diligence phase. Having your IT or Security team heavily involved will help identify the risks, steps that will need to be implemented either before the final sale or immediately after, and costs to implement. Large financial risks that could be identified might even change the decision of acquiring the company.

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