Bank of America to acquire information security consultancy MDSec Consulting Limited
Bank of America has announced plans to acquire information security consultancy firm MDSec Consulting Limited. The transaction is expected to be completed in the fourth quarter of 2026, pending regulatory approvals.
Bank of America has announced its intention to acquire MDSec Consulting Limited, a specialist in information security. The transaction is anticipated to conclude in the final quarter of 2026, contingent upon the receipt of necessary regulatory approvals.
MDSec Consulting Limited, operating from London and New York, provides expert consulting services in cybersecurity. This acquisition is expected to bolster Bank of America's capabilities in addressing the evolving security challenges within the financial industry.
The US-based financial institution has been enhancing its digital security and data protection measures. The addition of MDSec's expertise is intended to strengthen the bank's resilience against cyber threats and improve its internal security operations.
Financial terms of the deal have not been disclosed. Following regulatory clearance, MDSec is expected to be integrated into Bank of America's existing security framework.