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ThrottleNet Reveals How Cyber Due Diligence Impacts A Merger or Acquisition
"Cyber due diligence (CDD) should be a necessary step to identify and assess cyber-related risks before closing a deal," said George Rosenthal ThrottleNet President. "It gives the buyer the information needed for effective integration planning and provides clarity on the steps required to ensure your organization remains secure after the acquisition is complete."
Rosenthal said an expert cybersecurity team, such as ThrottleNet, can help complete the cyber due diligence process. This includes a three-step plan focused on assessment, investigation and training, and remediation.
"The assessment is the first step to analyzing the target entity's security posture," said Rosenthal. "The team will look at their technologies, processes, and people, and identify any areas of weaknesses or vulnerabilities. They will also review and validate security policies, procedures, and documentation."
Once the assessment is complete the next step is to investigate any findings that may indicate a material risk to the transaction. "This investigation should include activities such as logging reviews, systems scams and penetration tests, user privilege reviews and more," he said."
The third step is remediation. "Once the assessment and investigation are complete any issue that poses a risk to the transaction must be remediated. These activities include implementing patches and other security measures, updating policies or procedures, and creating new documentation,"
Rosenthal stressed the benefits of cyber due diligence are almost limitless. "First there is peace of mind knowing that any cyber-related risks are identified and addressed before closing a deal. Second is reducing your overall risk exposure when entering into a new deal. And then there is the cost savings by avoiding integration issues down the line. You can save both time and money on future investments such as cybersecurity insurance premiums."
"For some cyber due diligence may be a new term. But you can't overstress its importance. Understanding the ins and outs can save your business from major potential issues in the future."
Ranked as the #1 IT Firm for seven years in a row, and #1 Cybersecurity Firm in St. Louis by Small Business Monthly, ThrottleNet, Inc. understands the importance of cyber due diligence for business owners and offers comprehensive services to help protect your organization from potential cyber threats. The firm constantly tracks its performance to verify they are meeting the highest levels of customer satisfaction. ThrottleNet has received over 323 Google reviews from happy clients with an average score of 4.9 out of 5.
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Page Updated Last on: Mar 06, 2023