Lexpert’s September cover.
The Ashley Madison hacking scandal has a lesson for everyone. But the high-profile hack has a particular lesson for anyone contemplating a corporate merger or acquisition: Play down the importance of an information-technology due diligence at your peril.
When a company or investor has a target in its sites, the buyer generally expects to pay for a business due diligence that includes things like reviewing financial projections, contracts, agreements, pension and benefits obligations and tax structures.
But a separate technology diligence that looks under the hood at the robustness of a company's online systems? Increasingly often – but not always. It may be up to the lawyer quarterbacking the deal to lay the issue on the table.
Lexpert contributor Sandra Rubin reports on lessons from the Ashley Madison hack at lexpert.ca/globe.
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