Sound merger and acquisition often checks on a company’s cyber safeguarding and data transfer provisions said the President of investment banking and dealership advisory firm Presidio Group. Specifically, auto dealership purchase agreements many times include representations that the seller has complied with Gramm-Leach-Bliley and has taken reasonable steps to protect their computer systems and customers’ information, said a principal attorney and partner with Holland & Knight in Denver, CO who
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Cyber threat investigators believe the infamous TrickBot malware has reached its limits, but its development team appears to have been “acquired” by the Conti ransomware gang, which has been thriving amid recent crackdowns. TrickBot has been around since 2016. It was initially a banking trojan designed to steal financial data, but it evolved into a modular stealer that could target a wide range of information. See: https://redskyalliance.org/xindustry/trickbot-has-learned-more-tricks
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Cybersecurity is always low on upper management's priorities during a merger or acquisition, but it shouldn’t be. "Companies that are being bought and sold are often prime targets for cyberattacks," explained the CEO of cybersecurity solutions provider Industrial Defender, during a recent interview.[1] "By enacting Operational Technology (and proactive cyber intelligence) security measures, organizations can avoid an exciting company milestone from becoming an infrastructure and security nightm
