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Bank of America Snaps Up UK Cybersecurity Consultancy MDSec

Bank of America has announced plans to acquire UK-based cybersecurity firm MDSec Consulting Limited, which employs around 65 security professionals in Macclesfield, England. The deal will strengthen Bank of America's cybersecurity capabilities and expand its footprint in northern England, where it already has over 1,400 employees and a cyber threat operations centre in Chester. The transaction is expected to close in the fourth quarter of 2026, pending regulatory approval, with financial terms undisclosed.

31 Jul 2026