The evolution of cybersecurity-related representations and warranties in M&A transaction documentation has had an impact on financing transactions.

Major M&A transactions and IPOs have become the target of increasingly sophisticated cyberattacks, in some cases affecting thousands of companies along the supply chain. Regulators have responded with stepped-up enforcement, extending their reach not just to victim companies but also to third parties like payment processors and insurance carriers.

Today’s most pressing cybersecurity risks can have a significant effect on borrowers and