Bank of America has announced plans to acquire MDSec Consulting Limited, an information security specialist. The deal is expected to close in the fourth quarter of 2026, subject to receiving applicable regulatory approvals. The announcement is made by the bank in a release dated July 30, 2026.
SecurityWeek reports that the acquisition will add about 65 cybersecurity professionals to Bank of America’s operations in the United Kingdom, indicating an expansion of the bank’s local security and consulting capabilities.
The PR Newswire release describes the transaction in formal terms, identifying the target company as MDSec and reiterating that the acquisition is contingent on regulatory clearance before completion. While the sources provide consistent information on the nature of the acquisition and the expected timing, they do not include further transaction details such as purchase price in the provided excerpts.
Overall, the reporting aligns on the key points: Bank of America seeks to acquire MDSec, the closing is expected in Q4 2026 after regulatory approvals, and the acquisition is expected to bring additional cybersecurity staff to the UK.
