Data privacy and security issues in M&A transactions: Part one
With the global economy showing signs of recovery, 2015 has been a strong year for mergers and acquisitions across an array of industries. Activity has exceeded $4 trillion this year to date representing a 38 percent increase over 2014. Reports also show this accelerated pace to continue through 2016. However, another, less positive trend has been commonplace fodder for headlines across the world — the rising volume and cost of data breaches. While the rise in M&A does not necessarily correlate to an increase in breach activity, data security must be a clear blip on the radar for both target and acquiring companies, as well as their counsel.
This article is part one of a two-part series presenting steps for addressing privacy considerations for mergers and acquisitions.