About 53 per cent of Indian IT decision makers say they find unaccounted IoT (internet of things) and OT (operational technology) devices after completing the integration of a new acquisition.
“Many deals face a race to get across the finish line. Fifty four per cent of Indian respondents strongly agree that their IT team is given adequate time to review a targets’ cybersecurity standards, processes and protocols before completing an acquisition”, the report revealed.
The global research survey has discovered that 65 per cent of respondents experience buyers’ remorse after closing an M&A deal due to cybersecurity concerns.
According to the survey, 53 per cent of global respondents report that their organization has encountered a critical cybersecurity issue or incident during an M&A deal that put the deal into jeopardy.
“M&A initiatives are usually time-bound with discussions and negotiations often running at a much faster pace. The business dynamics often make the cybersecurity concerns go overlooked in the grand scheme of things. However, any unnoticed IT anomaly can either cause a breach immediately or later emerge as a vulnerability that gets exploited by cybercriminals. This makes cyber due diligence more imperative for M&A businesses than what they typically believe”, Ramsunder Papineni, Regional Director-India and SAARC, Forescout said.