Managing cybersecurity risk during Mergers & Acquisitions
Expectations are high that in the post-pandemic world there will be a significant increase in the number of mergers & acquisitions as companies that have survived the pandemic with cash buy up those companies that have struggled.
However, there have been high profile examples of security breaches that have occurred after acquisitions. Too often the IT security team have not been involved in the Merger & Acquisition process; CISOs tell me they only hear about the acquisition when the public announcement is made, and they also tell me that they have had to divert scarce resources to deal with security breaches within weeks of acquisitions being concluded.
In Q4 2019 the IBM Institute for Business Value surveyed 720 executives responsible for the M&A functions at acquirer organisations. More than one in three said they have experienced data breaches that can be attributed to M&A activity during integration. Almost one in five experienced such breaches post-integration.
How can business leaders involve IT Security teams much earlier in the process, assess the security risk as part of the due diligence process and even build a budget to address the security risk into the deal? Please join us on Friday 26th March for a mini-deep dive into how business leaders can unearth the hidden costs before they have to pay them.
Speaker bioJulian Meyrick is the Managing Partner & Vice President for IBM Security’s worldwide Security Strategy Risk & Compliance practice. IBM Security is the fastest-growing enterprise IT security company in the world.
In his leadership role, Julian helps clients develop their security strategy in the context of the cyber business risk that they face; he has a particular focus on advising boards on the potential business impact of cybersecurity.
Until May 2019 Julian lead the IBM Security team in Europe in the development and delivery of software and services offerings that protect enterprises with intelligent, integrated IT security solutions and expertise. From 2012 to 2015 Julian led IBM's Security Services Division in Europe, delivering IT security consulting, security implementation services and managed security services to clients.
Julian is passionate about attracting talent into the cybersecurity profession and is a member of the UK National Cyber Security Centre’s Industry Advisory Board for their CyberFirst programme. Julian is the global sponsor for IBM’s membership of the Information Security Forum (ISF) and regularly attends the UK Chapter meetings. Julian is IBM’s executive sponsor for the Charter of Trust, a unique initiative by leading global companies to secure the digital world.
Julian has been assisting governments to raise awareness of the business risk posed by the cyber security threat since 2005 and has been a panel member at Oxford University's Cyber Security Centre and lectured to Warwick University's MSc Course on CyberSecurity and Management.
From 2005 to 2010 Julian led IBM’s Defence & Security team in the UK as the Client Director, Defence & Security, responsible for IBM’s business relationship with the UK Ministry of Defence, the Home Office and Ministry of Justice within the UK Public Sector.
In previous roles Julian has worked in IBM's corporate headquarters in New York and was selected to be Executive Assistant to the Chairman of IBM Europe, Middle East and Africa in Paris in 2004.
Julian joined IBM in 1995 after serving six years in the Royal Green Jackets in the British Army, including serving as the Regimental Signals Officer. He is married with three children