With the growth in corporate cyber crime, buyers are reminded by cases such like this one (Telstra acquiring Pacnet), that a thorough understanding of this aspect of any target company in now an essential part of the acquisition due diligence process. If overlooked, this can be massively reputationally damaging.
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Telstra’s announcement last week that it had discovered a network breach at a company it acquired earlier this year has opened up huge questions for corporate Australia on issues of risk management and due diligence.
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