We now live in a generation where data breaches and hacking is becoming more frequent. Regulations and laws need to be abided by to protect personal information, GDPR and PCI DSS, penetration testing is a mandatory security requirement.
Mergers and Acquisition processes often have the value of the business as a top priority. However, Cyber Security should be one of the priorities moving forward. Regarding privacy laws and data breach disclosure laws, cyber risk exposure has the potential to affect the valuation massively.
On average only 5% of companies' folders are properly protected. Having corporate folders exposed that hold confidential information can lead to a costly data breach. Encryption is a way of protecting any information or data.