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Inside Internal Controls

News and discussion on implementing risk management

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technology risk

New report on the cost of a cyber breach

You may be surprised to hear that the average cost of a data breach is just $3.9 million. That sounds far different than indicated by the alarm bells screaming at you from all sides.

 

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Talking sense about technology risk and cyber

You have to have sponsorship from the CEO and throughout the company to really understand and diagnose IT risks, data security risks and business risks, and then prioritize them.

 

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Can you manage technology risk in today’s environment?

This is a new world and we need to re-examine traditional techniques for addressing technology risk. Before assessing and testing controls, challenge management on whether they believe effective security is in place and why. An internal audit team can help with this.

 

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