“While ransomware is nothing new, WannaCry’s ability to scale is alarming,” Jason Kaufman, president of the Chertoff Group, tells Mergers & Acquisitions, referring to malicious software that blocks access to data and demands money to release it.

“Unfortunately this is yet another wake-up call to executives that they need to promote basic cyber hygiene inside their organizations. This will benefit providers of risk management services and reinforces the urgent need for in-depth cybersecurity due diligence in an M&A setting."

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