Bank of America acquires UK cyber specialist MDSec - UKTN

▤ Summary

Bank of America plans to acquire UK cybersecurity consultancy MDSec Consulting Limited. MDSec specializes in penetration testing, red teaming, and threat research and employs about 65 cybersecurity professionals. The deal should close in the fourth quarter of 2026, pending regulatory approvals. Bank of America says the acquisition will strengthen its cyber defenses in the UK and globally and complement its existing technology hub in Chester.

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