Cybersecurity risk is a growing concern—not only for internal stakeholders, but for customers and insurers. More than half (57 percent) of the respondents to Protiviti’s 2016 Internal Audit Capabilities and Needs Survey
said they’d received inquiries from customers, clients or insurers about the organization’s state of cybersecurity.
It’s hardly surprising then, that nearly three out of four respondents (73 percent) said their organizations are evaluating cyber risk as part of the annual audit plan, compared to just over half in 2015. They listed brand and reputation damage, data security (company information) and data leakage (employee personal information) as representing the greatest risks.