The heightened importance of cybersecurity in the corporate environment has made it vital for potential acquirers to assess the IT systems of target companies to determine their value and risk. Despite an increased awareness of the importance of cyber due diligence, many companies lack the proper personnel to conduct thorough analyses, according to a new study by West Monroe Partners and Mergermarket that surveyed top-level corporate executives and private equity partners about their companies’ practices. The results provide a window into the trends that shape the diligence process, as well as insights into the ways it can be improved. We summarize the study’s key findings. See also “Tackling Cybersecurity and Data Privacy Issues in Mergers and Acquisitions (Part One of Two)” (Sep. 16, 2015); Part Two (Sep. 30, 2015).