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.
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.