Many data breaches today trigger regulatory action, but can also trigger litigation from affected consumers, business partners, and investors. In this case, legal fees can significantly increase costs.
M&A can bring cyber problems
Cyber incidents have also emerged as a female database hot topic in mergers and acquisitions (M&A) following several major data breaches. For example, the 2018 Marriott breach was traced back to a 2014 breach at Starwood, a hotel group acquired in 2016.
Even the most well-protected companies are at risk if they acquire a company with weak cybersecurity or existing vulnerabilities. The acquiring company may be held liable for damages resulting from incidents that occurred prior to the merger.
Reading tip: Maintain anonymity online with a VPN
Ultimately, considering potential cyber kristin decas vulnerabilities and exposures for companies in mergers and acquisitions must become a higher priority, as many companies fail to conduct sufficient due diligence in this area. At the same time, many companies fail to remediate vulnerabilities in acquired systems quickly enough after a deal closes.
Risk reduction measures
The best approach to addressing cyber risks is investing in employee awareness and updating and continuously monitoring IT systems. belgium numbers Preparation and training are the most . Effective forms of damage mitigation and can significantly reduce the likelihood or consequences of a cyber incident .
Many incidents are the result of human error, which can be mitigated through training. Maintaining secure backups and operational continuity planning are also key to reducing the impact of a cyber incident. In all cases, response plans should be tested, practiced, and regularly reviewed.
