Bank of America Acquires UK Security Firm MDSec to Build In-House Cyber Defenses
Finextra·low signal
Bank of America is acquiring MDSec Consulting, a UK-based information security specialist known for offensive security and red-teaming work, to strengthen its internal cyber defense capability. The move reflects large financial institutions bringing adversarial security testing in-house rather than contracting it, at a moment when AI-assisted attack tooling is lowering the cost of offense. Terms were not disclosed.