Something to Consider October 2019 4
Cyber Attacks Biggest Fear for Internal Auditors
The top 3 biggest risks facing businesses, according to the latest survey from the Chartered Institute of Internal Auditors (IIA) are:
1) Cyber Attacks (78%)
2) Regulatory change (59%)
3) Digitisation (58%)
Cyber security risk has been on the rise for several years and it doesn’t look set to plateau anytime soon, with reports of needs doubling for IT auditors, and those with the skill sets to deal with cyber security, being hotly pursued.
In an ever increasingly interconnected world, externally and internally, our businesses are exposed and in public in a way that they have never been before, from supply chain to the C-suite. The role of internal audit has never been more crucial or with higher stakes.
You can read more about this here
Our ‘Something To Consider’ snippets are framed as small, digestible, ‘dashes of insight’ around the pillars of what we define as “World Class Finance” – Process Optimization, Financial Control and Compliance, and Risk Assurance, all underpinned by technology enablement and integration.