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FireEye's intelligence-led security assessment to identify risks in M&A target's IT environment
Dubai, UAE - FireEye, Inc., the leader in stopping today's advanced cyberattacks, recently announced the launch of Mandiant® Mergers & Acquisitions (M&A) Risk Assessment, a service designed to help organizations in an M&A process to understand the acquisition target's cybersecurity posture and risk profile, and address the cybersecurity risks. The new service has been launched with FireEye law firm partner Pillsbury Winthrop Shaw Pittman and is available now.
The M&A Risk Assessment is a week-long service, evaluating key security components to identify cybersecurity risks earlier in the M&A process, utilizing sector-specific best practices and global control frameworks, FireEye's nation-state grade intelligence, and Mandiant's decade of experience responding to security breaches. Mandiant consultants generate risk ratings of target security areas and develop recommendations that customers, their legal partners, and other M&A advisors can use for decision-making.
In recent years, the GCC has witnessed a series of cyberattacks targeting leading industries and critical infrastructure. Geopolitical and economic developments are being played out in cyberspace and are indicative of the significant degree of evolution in the cyber risk landscape. In the event of a breach, the level of risk to a company's intellectual property and finance is apparent. As stated in the most recent Regional Advanced Threat Report for EMEA published by FireEye, the energy and financial sectors along with the governments across the GCC account for 65% of identified cyberattacks. According to a recent study by FireEye, an unfavourable view of a brand is a hidden cost of cyberattacks on organizations, wherein 57% of respondents stated that they would stop purchasing from a compromised company.
Mandiant consultants have developed a distinctive methodology for M&A Risk Assessment that assesses four key security areas:
· Data Safeguards to identify the existence of proper capabilities to determine, protect and monitor high-value organizational assets
· Access Controls to evaluate whether proactive controls have been established to prohibit unwanted access to corporate data
· Threat Detection & Response to assess the efficiency and maturity of a target organization's response technologies and processes
· Infrastructure Security to ensure that effective controls are implemented from network to endpoints to avert compromise
"M&A activities are serving as a critical loophole for advanced cyberattacks. The inadequacy of cybersecurity and response technology has made M&A processes increasingly vulnerable to persistent cyber intrusions. Against this backdrop, it is imperative for companies to introduce an intelligence-led security approach to identify and assess risks harbored by target organizations. Our law firm partners support and recognize the need for cybersecurity due diligence, which is predominantly embedded in their legal process. Evaluation of companies for cyber risk during acquisitions and mergers cannot be deemed optional anymore. The inability to formulate a streamlined process to efficiently manage existing and potential cyber threats can lead to consequential legal and financial challenges in the long run," said Stuart Davis, Director, Mandiant Services.
For more information about the M&A Risk Assessment service, please visit: https://www.fireeye.com/services/mergers-and-acquisitions-risk-assessment.html.
About FireEye, Inc.
FireEye has invented a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber attacks. These highly sophisticated cyberattacks easily circumvent traditional signature-based defenses, such as next-generation firewalls, IPS, anti-virus, and gateways. The FireEye Threat Prevention Platform provides real-time, dynamic threat protection without the use of signatures to protect an organization across the primary threat vectors and across the different stages of an attack life cycle. The core of the FireEye platform is a virtual execution engine, complemented by dynamic threat intelligence, to identify and block cyberattacks in real time. FireEye has over 5,000 customers across 67 countries, including more than 940 of the Forbes Global 2000.
© 2016 FireEye, Inc. All rights reserved. FireEye is a registered trademark or trademark of FireEye, Inc. in the United States and other countries. All other brands, products, or service names are or may be trademarks or service marks of their respective owners.
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© Press Release 2016
