Bank of America to Acquire UK-Based MDSec Consulting
Bank of America announced plans to acquire MDSec Consulting Ltd, a U.K.-based cybersecurity firm with around 65 professionals. The acquisition aims to enhance the bank's defenses against increasingly sophisticated cyber threats, including AI-driven attacks and ransomware. Expected to close in Q4 2026 after regulatory approval, no financial terms were disclosed. MDSec provides security consultancy services and is based in Macclesfield, England. Bank of America already has a strong presence in the North of England with over 1,400 employees in Chester, where one of its cyber threat operations centers is located. The move aligns with broader efforts by global institutions to strengthen cybersecurity infrastructure amid rising threats. The White House recently announced an initiative involving AI developers and critical infrastructure operators to address vulnerabilities identified through advanced AI systems.
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Topics: acquisitions banking cybersecurity