author photo
By SecureWorld News Team
Mon | Dec 4, 2017 | 7:35 AM PST

We've long heard from experts at SecureWorld conferences that M&A activity is one of the fastest ways to expand your company's cyber risk.

PayPal is feeling that sting right now after it acquired payment company TIO Networks this summer and then kicked off December by announcing a breach: "A review of TIO's network has identified a potential compromise of personally identifiable information for approximately 1.6 million customers."

PayPal paid $27 million for the company in July 2017, and has now suspended the company's operations as the investigation into what happens continues.

TIO's FAQ page is the main spot for more information. 

What do you suggest companies do to minimize cyber risk during acquisitions and as a result of them? 

Comments