2019 – 03/01 – Audits home in on cybersecurity

In 2018, the average organizational cost of a data breach in the United States was $7.91 million. With so much at stake, it’s no surprise that auditors consider data security when conducting their audit risk assessments. During audit fieldwork, expect to answer questions about cybersecurity and the effectiveness of your company’s internal controls against these threats. Your answers, in turn, can help you formulate more effective governance strategies.