Why cybersecurity due diligence is critical

Your Business News

October 14, 2022

Authored by RSM Canada LLP

Joel A. Humphrey, CPA, CA shared this article

E-BOOK | October 14, 2022

While the media focuses on high-profile data breaches at large corporations, middle market organizations are not immune to cyber warfare. In fact, the middle market is a prime target for cyberattackers, who understand that businesses in this segment possess valuable data, yet often lack the controls and security teams to protect it.

According to Check Point Software Technologies, cyberattacks increased 40% globally year-over-year in 2021.³ With cyberattacks on the rise, cybersecurity should be a priority when considering a business acquisition. Ensuring that the target business’s data is secure and uncompromised should be a mandatory part of the due diligence process.

Our E-book explains:

The potential financial risk and recovery time from a security breach
The current state of cyber liability insurance
Key considerations when conducting a security assessment
How an experienced partner can help with comprehensive due diligence

^{1. ITRC, “Q1 2022 Data Breach Analysis”}

^{2. RSM, ”2022 Cybersecurity Special Report”}

^{3. CIO&Leader, “Cyberattacks Increase 40% Globally in 2021: Study,” October 11, 2021.}

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