● Covered by 1 source · 1 reportMedium impact1 neutral
Bank of America to Acquire UK Cybersecurity Firm MDSec
Key points
- Bank of America will acquire UK-based MDSec Consulting Limited.
- MDSec provides technical information security consulting services.
- The acquisition is expected to close in Q4 2026.
- Financial terms of the deal were not disclosed.
Acquisition Details
Bank of America announced on Thursday its intention to acquire MDSec Consulting Limited, an information security consultancy based in the UK. The transaction is projected to finalize during the fourth quarter of 2026, pending regulatory approvals. The financial terms of the acquisition were not disclosed by either party.
MDSec's Role and Workforce
MDSec, headquartered in Macclesfield, England, specializes in providing technical information security consulting services. The company employs approximately 65 cybersecurity professionals, contributing expertise in security development and technical innovation.
Strategic Expansion for Bank of America
This acquisition will enhance Bank of America's existing operations in northern England. The financial institution already has over 1,400 employees in Chester, where it also operates a cyber threat operations center. The integration of MDSec is intended to further strengthen Bank of America's cybersecurity capabilities.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
The daily brief
One email each morning: the day's tech stories, clustered across outlets and summarized. No account needed.
One email a day. Unsubscribe in one click, any time.
Today's brief
Spend a few minutes, get the whole day. Every topic's top stories in one hands-free rundown — listen, watch, or read the transcript.
▶ Play today's brief
New every morning, and the back catalogue is archived by date.
Reporting from
Bank of America announced its plan to acquire MDSec Consulting Limited, a UK-based information security consultancy. This acquisition will expand Bank of America's cybersecurity capabilities and its presence in northern England.