Security

Bank of America to acquire MDSec Consulting

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August 7, 2026

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Bank of America announced plans to acquire MDSec Consulting Ltd, an information security company. With this transaction, the bank will bring on 65 cybersecurity employees along with consultancy services based out of Macclesfield, England.

This will further expand the bank's present in Northern England, as it has more than 1,400 employees based in Chester. The transaction is set to be completely by Q4 2026 pending regulatory approval.

"We're immensely proud of what we've built at MDSec and, above all, of the team that made it possible," Dominic Chell, co-founder, MDSec, said in a press release. "From the outset, our ambition has been to build world-class security capabilities and to push the industry forward. Joining one of the world's leading financial institutions, one that reflects our culture of innovation and technical excellence, gives us an incredible opportunity to take that ambition to the next level."