Bank of America said it plans to acquire MDSec Consulting Limited, an information security specialist, in a deal announced on July 30, 2026. The company said the transaction is expected to close during the fourth quarter of 2026.
The planned Bank of America MDSec acquisition points to the bank’s continued focus on information security as cyber risks remain a major concern across the financial industry. By moving to buy a specialist consultancy, Bank of America appears to be adding more security expertise to its broader operations.
MDSec Consulting Limited is described in the announcement as an information security consultancy. While the brief disclosure did not include broader deal terms, it identified the transaction as a planned acquisition rather than a partnership or service agreement.
The announcement was issued from London and New York, underscoring the cross-border nature of the deal. If completed on the expected timeline, the acquisition would bring MDSec into Bank of America’s business later in 2026.
