According to Forbes, 40% of organizations discover cybersecurity problems with the acquired organization post-acquisition. In this session we will review the cybersecurity risks that financial institutions face when merging or acquiring another organization. Looking at some big case studies, we highlight some lessons learned that we can build on to have more profitable acquisitions in the future. Due diligence around cybersecurity programs utilized in both the acquiring or acquired bank are essential in optimizing the transition. This session highlights some due diligence suggestions to get started or to dive deep into an evaluation of information security programs. With this information, we hope you’ll make more informed decisions about what to purchase, how much it's worth, and alternative ways to mitigate the unforeseen risks around cybersecurity. Individual topics for discussion include:
- Case Studies
- Cost of correcting existing problems
- Complications with post-merger integration
- Data breach impact
- Threats to customer and institution data
- Compliance problems
- Basic Due Diligence
- Deeper Audit Analysis
Subscribe to The Directors Education Series and provide your leaders with the guidance and tools needed to navigate the complexities of today's banking environment.
- Includes Audio, Video and Powerpoint.
- PDF Handouts
- Discussion Questions
- 20-25 minutes in length (Perfect to show at your monthly board meeting!)
Who Should Attend?This program is recommended for your Executive staff including every member on your Board of Directors.
“We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank
“After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust
Please note: This site employs features that may cause unexpected behavior in older versions of Internet Explorer. If you experience a problem, try refreshing your screen. If this doesn't solve the problem, click on this link.
You may contact us by using the Online Chat button below.