Bank of America announced plans to acquire MDSec Consulting Ltd, a UK-based information security firm, to enhance its capabilities against cyber attacks. The deal is expected to be completed during the fourth quarter of 2026, following regulatory approval.
MDSec Consulting, headquartered in Macclesfield, England, has about 65 cybersecurity professionals and provides security-related consultancy services. Bank of America already has a significant presence in the North of England, with over 1,400 employees based nearby in Chester. One of the bank’s cyber threat operations centers is also in Chester.
Cybersecurity Efforts
Companies worldwide are grappling with a surge in AI-driven cyberattacks and ransomware that steal sensitive data and disrupt operations. The White House recently launched a coordination group to share information on cybersecurity vulnerabilities identified by advanced AI systems and coordinate responses.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
