Bank of America Acquires UK Cybersecurity Firm

Bank of America announced its intention to acquire MDSec Consulting Ltd., a move designed to significantly enhance its information security and cyber defense capabilities. This acquisition is slated for completion in the fourth quarter of 2026, pending the necessary regulatory approvals.

The deal comes at a time when global companies are facing an escalating threat from AI-driven cyberattacks and ransomware. MDSec, headquartered in Macclesfield, England, comprises around 65 cybersecurity professionals skilled in providing essential security consultancy services.

This strategic integration will leverage MDSec's expertise to fortify Bank of America's defenses against sophisticated cyber threats. The bank already maintains a substantial operational presence in Northern England, including a cyber threat operations center in Chester.