In this conversation, Dritan Saliovski discusses the intersection of M&A and cybersecurity with John and Jaye. They explore how companies are now considering cybersecurity during the M&A process, including due diligence, costing, integration, and reputation.
They also discuss the potential value that cybersecurity can bring to an acquiring company, as well as the impact of past breaches on the value of a company.
The conversation touches on the trend of using AI in M&A and the challenges faced in the M&A process, such as stakeholder management and convincing stakeholders of the importance of cybersecurity.
They also discuss the advantages of being an insurance broker in terms of access to real-time incident data and the focus on recovery in addition to protection. The conversation explores the importance of cyber resiliency in the context of mergers and acquisitions (M&A).
It highlights the shift from focusing on physical events to cyber events as the more prevalent and likely threat. The discussion touches on the need for companies to have a cyber resiliency program and response plan, especially in the M&A process.
The conversation also delves into the role of certifications and maturity models in assessing cyber resiliency, with the conclusion that they are not always reliable indicators.
The episode ends with a lighthearted discussion about pizza toppings.
Takeaways
• Companies are now considering cybersecurity during the M&A process, including due diligence, costing, integration, and reputation.
• Cybersecurity can bring potential value to an acquiring company, especially if the target company has better tools, technologies, or consolidation in place.
• Past breaches can affect the value of a company, and companies that have been breached may be more willing to sell.
• There is a trend of using AI in M&A, with larger companies acquiring smaller AI companies to harness their technology and intellectual property.
• Challenges in the M&A process include stakeholder management and convincing stakeholders of the importance of cybersecurity.
• Being an insurance broker provides access to real-time incident data, which can inform cybersecurity decisions and help clients mitigate risks.
• The focus in cybersecurity is shifting from solely protection to also include recovery, as companies recognize the possibility of being compromised. Cyber resiliency is becoming increasingly important in the M&A process, as cyber events are more prevalent and likely than physical events.
• Companies need to have a cyber resiliency program and response plan in place to mitigate the risks associated with cyber threats.
• Certifications and maturity models may not always be reliable indicators of cyber resiliency, as the scope and applicability of these certifications can vary.
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