The digital transformation of the economy makes the threat of cyber risks and dealing with the consequences of cyber attacks a permanent challenge for all companies. In the context of M&A transactions, cyber security is increasingly the determining factor in due diligence reviews. Particu-larly in M&A transactions in the digital environment, due diligence of the IT systems is essential for determining the purchase price, since digital companies rarely have long-term business relation-ships or established business models and functioning IT systems therefore often determine the purchase price.
Jörg Schäfer from HiSolutions and Maximilian Vocke from Osborne Clarke will explain the current threat of cyber attacks and the typical claims as well as the handling of cyber risks in the context of the M&A process using practical examples. In particular, they will address the following ques-tion:
- How can cyber attacks be typified?
- What can companies do preventively to minimize cyber risks?
- How can cyber attacks be effectively managed?
- How do cyber risks affect the sale and purchase agreement and how can cyber risks be insured?