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February 19, 2016, Law360
Mark Young and Libbie Canter are quoted in this Law360 article offering tips on how deal makers can mitigate cybersecurity risks.
According to Young, any discovered incidents can give buyers pause on how — and if — they want to move forward. “We’ve dealt with at least a couple examples where deals were at least delayed if not reconsidered because of cybersecurity risks that were identified during the diligence process."
Cantor adds that a past breach won’t necessarily scare away all acquirers, and generally speaking, those deals do tend to move forward. She continues commenting on how it really boils down to how well the incident was handled. “Often there is a conversation with the target about the events of the incident, whether it occurred because there was some sort of deficiency."