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Bank of America to buy UK's MDSec Consulting to bolster cyber defenses
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July 30 (Reuters) - Bank of America said on Thursday it plans to acquire information security firm MDSec Consulting Ltd, as it bolsters its capabilities against cyber attacks.
Companies worldwide are grappling with a surge in AI-driven cyberattacks and ransomware that steal sensitive data and disrupt operations.
MDSec, headquartered in Macclesfield, England, has about 65 cybersecurity professionals and provides security-related consultancy services, the bank said.
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.