Nearly every single organization in a study that looked at U.S. and European companies across several industries experienced at least one security breach, with many reporting more than one, . More than 96 percent of respondents experienced a security incident while 39 percent experienced between two and five, and about 16 percent experienced more than five.

The most common way that companies face an attempted data breach was via a phishing scam. Other issues stemmed from compliance policy violations and the unsanctioned use of devices or applications. Finally, a number of businesses reported that someone simply attempted an unauthorized data access.

Additionally, 40 percent of those surveyed said that keeping data secure became more difficult in the past two years.

Making Cybersecurity a Part of Due Diligence
With so many companies hacked, it becomes important to make cybersecurity a major part of a company's business strategy - including when connecting with other businesses. Mergers and acquisitions often lead to gaining access to technology that is potentially compromised with malware or other hacking devices. And yet, very few companies actually include cybersecurity as part of their due diligence when doing M&A, . Ninety percent of respondents admitted that a data breach would seriously impact a company's value during a merger, but 78 percent said they did not look at currently existing cyberdefenses when working out a deal.

Ensuring Business Partners are Also Secure
Cybersecurity goes beyond M&A, however. Whenever one company does business with another company, the risk of being hacked increases if the two companies don't practice equally good cybersecurity. It is already a challenge to keep one's own employees informed about the risks of a cyberattack, but one must also be sure that the companies one does business with are also practicing good security tactics.

The matter of protecting oneself from other companies also comes into play during outsourcing. When businesses outsource an aspect of their work such as payroll, they should check to see if they are responsible for what happens if that company is hacked. Additionally, businesses should look into whether the company they are outsourcing their work to is keeping up with current cybersecurity trends.

When planning measures for cyberdefenses, businesses can't leave out any of the companies they work with – like their suppliers, their outsourcing partners and the firms they acquire. With a huge number of corporations facing attempted data breaches every year, every partnered business becomes a potential liability in a company's security network.

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