SME business owners are facing new challenges due to increased Capital Gains Tax (CGT) and heightened scrutiny from buyers regarding cybersecurity and compliance. Ed Bartlett, CEO of Hicomply, emphasizes that cybersecurity lapses can seriously diminish business valuation during due diligence, particularly in sectors like finance and healthcare, with potential costs reaching millions per breach. Investors are now viewing poor security management as a liability, often making it a deal-closing criterion. As such, SME owners must proactively mitigate cybersecurity risks to enhance their appeal in a tightening deal landscape.
For some, it's become a deal-closing criterion.
Renewed regulatory focus and heightened scrutiny mean buyers no longer overlook cybersecurity lapses.
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