Author

IIA-Australia

Date

Topics Explored

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Extract/Description

Recognising that cyber-related risk is one of the most significant issues of the 2020s and believing that internal audit has the potential to contribute significantly to organisational management of those risks, the IIA-Australia conducted a survey to explore internal audit engagement with this issue.

Key Points

1. Cyber security is consistently reported as being a significant concern across industries and across the globe.
   
2. Chief Audit Executives are in a unique position both to educate and to assist the board and senior management to address this risk.
3. About half of the Australian organisations in this study indicated they are aware of a cyber attack on them in the last 12 months, with 10% of these reporting their cyber attack resulted in disruption to the delivery of their products or services.

Relevant Industries

Level of Assumed Knowledge