With the world’s increasing dependence on technology and the internet, no company or organization can function without strategic, dependable, and secure IT sector. Without which a company opens itself up to cybersecurity threats that can be as paralyzing as commercial or legal pitfalls. In your opinion, will IT due diligence increase in its importance and criticality pre-acquisition.
Absolutely, yes. It has become critical in “low-tech” sectors such as utilities and certain infrastructure segments due to the vulnerability of systems to cyber-attacks. As other industries traditionally considered low tech (trucking, transportation, logistics) adopt IoT and smart devices to track and manage assets, it will be increasingly important that their hard- and software infrastructure be closely reviewed by prospective buyers.