M&A and Privacy: Going Beyond the Audit Checklist
Cybersecurity and data privacy could be a big deal for your next deal. According to one report, 40% of acquiring companies have discovered a cybersecurity problem post-acquisition--including Verizon’s discovery of a prior data breach at Yahoo!, which led to a $350 million reduction in the purchase price and $115 million in SEC and shareholder settlements.
Compiling a data security and privacy checklist is critical, but you need to go even further. Karen Bromberg and Kwaku Andoh (Partners at Cohen & Gresser) tell you how to take a deep dive into data security and privacy due diligence for your M&A transaction.
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DISCLAIMER: Because of the generality of this material, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.