Bank of America to buy UK's MDSec Consulting to bolster cyber defenses

A signage is seen at the Bank of America Tower in Manhattan, New York City, New York, U.S., November 2, 2022. REUTERS/Andrew Kelly 31 Jul 2026 04:37AM (Updated: 31 Jul 2026 04:43AM) July 30 : Bank of America said on Thursday it plans to acquire information security firm MDSec Consulting Ltd, as it bolsters its capabilities against cyber attacks. The deal is expected to be completed during the fourth quarter of 2026 following regulatory approval, the second-biggest U.S. lender said in a statement. No deal value was disclosed.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 se