Strategic Insights into Banking & Fintech

BoA to buy U.K. information security specialist

Bank of America in Charlotte, N.C., agreed to buy U.K. information security specialist M D Sec Consulting.

The deal is expected to close in the fourth quarter. The price wasn’t disclosed.

M D Sec provides deeply technical information security-related consultancy services.

“We have long admired the exceptional ability of the M D Sec team and are delighted that Bank of America and its clients will now further benefit from their work,” Kris Fador, BofA’s chief information security officer, said in a press release. “We look forward to welcoming the M D Sec team to Bank of America as we continue to enhance our leading cybersecurity capabilities in the U K and globally.”

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