The venture capital (VC) industry – which moved $445 billion in global venture funding in 2022 – has a huge cybersecurity target on its back. This is why VC firms typically have strong cyber defences.
But too often this focus falls short when vetting a target company. Asking about their cyber liability is regularly overlooked, creating unacceptable levels of risk. This is why VC firms must pay more attention to their weakest cyber link – target companies – and ensure that during the due diligence process, cybersecurity is top of the critical investment list.
The breach of a target company that has recently been acquired has serious consequences. Successful attacks cost up to a million pounds to resolve. These costs may not come directly from your pocket, but companies that suffer a breach generally fall in value by 20-33%, hitting your return on investment.
Falanx Cyber Security Limited (LON:FCS) provides enterprise-class cyber security services and solutions. They deliver end-to-end cyber capabilities, either as specific engagements or as fully-managed services.