Cybersecurity holds top spot in IT audit risk list

A study commissioned by Protiviti and ISACA unveiled cybersecurity holds the top location on the IT audit risk checklist, when privacy and data, as well as regulatory compliance, also rank very.

“War-related cyberattacks are on the increase, the surge of innovative ransomware attacks is ongoing and remote perform continues to matter a lot of organizations to new cybersecurity threats,” stated Proviti.

Even so, the study confirmed that just one-fifth of organizations you should not anticipate cybersecurity hazards to be dealt with in their 2022 audit plans.

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“Presented the ever more complex and rapidly changing technology risk landscape we are in, it really is vital for IT audit leaders to fully grasp they are dependable for preserving a holistic see of IT pitfalls impacting the full firm,” commented Angelo Poulikakos, controlling director and world wide chief of Protiviti’s technology audit observe. 

“This requires tech-enablement from an audit standpoint and standard calibration of risk assessments to suit the recent environment, relatively than ‘rinsing and repeating’ the work from former decades.”

The major dangers highlighted in the survey emphasize the vital but sensitive position that info performs in companies right now, with respondents voicing problems about how knowledge is collected, controlled, and secured.

“With a world concentrate on details regulation, it may possibly be effortless to see info only by a lens of compliance,” mentioned Paul Phillips, ISACA director of function content enhancement and risk skilled practice guide. 

“Nevertheless, buyer problem with how their data are employed and saved and other operational issues that can swiftly develop into reputational issues should not be discounted. As IT auditors assess risk and assess controls linked with data, the huge organizational value (and accountability) of info and the worth of rely on should really usually be best of head,” extra Phillips.