Reputational damage caused by cyber attacks is a key concern for over 90 percent of chief audit executives in North America, according to the Institute of Internal Auditors (IIA). Its yearly Pulse of Internal Audit report said that, while there was an increasing amount of audit activities focused on cybersecurity and IT, they were still lagging behind efforts in areas such as financial reporting and compliance, especially in publicly trading companies.
Reputational damage caused by cyber attacks is a key concern for 70% of chief audit executives in North America, according to the Institute of Internal Auditors (IIA). Its yearly Pulse of Internal Audit report said that, while there was an increasing amount of audit activities focused on cybersecurity and IT, they were still lagging behind efforts in areas such as financial reporting and compliance, especially in publicly trading companies.