Cybersecurity was identified as the top risk going into 2024, according to a global Internal Audit Foundation survey of more than 4,200 chief audit executives. Beyond the obvious financial losses, cyberattacks can also trigger additional risks, including operational risk, reputational risk, and more.
For these reasons, cybersecurity is top of mind for audit committees in 2024, who are in turn asking internal auditors to step up in providing assurance in this key risk area.
The IIA’s new Global Knowledge Brief on Cybersecurity, a three-part series produced in collaboration with AuditBoard, covers the importance of strengthening internal audit’s ability to manage and respond to cybersecurity threats. Part 1: Staffing and Development for the Next Generation examines the options and strategies internal audit leaders can follow to ensure they have the talent they need to address ongoing cyber risks, including:
- An overview of the current cyber threat landscape and potential consequences.
- The challenges impacting internal audit’s ability to offer assurance on cyber risks.
- Six recommendations for hiring and building cyber talent within your internal audit team.
