Improving Cybersecurity: Ocean Carrier Logistics Acquisition

TRANSACTION ADVISORY CLIENT SUCCESS

CHALLENGE

A PE backed client, specializing in air freight was looking to acquire a leading ocean carrier logistics agency (the Target) that specializes in placing qualified individuals to operate ocean vessels on behalf of other companies providing ocean freight services. The challenge was the PE firm had recently required that all portfolio companies adopt the Center for Internet Security (CIS) CSAT risk assessment tool.

SOLUTION

The team performed a review of the 18 primary security controls used in the CSAT assessment tool to gauge level of risk and assign a score, which the client could use to gauge against the score of their own company.

RESULTS

Although the CSAT risk assessment tool is not as in-depth as the NIST assessment, it told a very compelling story, using the client’s preferred tool, that cybersecurity capabilities needed to be shored up upon acquisition, including implementing a standardized governance, risk and compliance (GRC) program, and implementing low-hanging fruit improvements to mitigate risk in the IT environment.

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