What Financial Institutions Need To Know About Cybersecurity and Audit Controls

Accenture Security noted recently that the financial services industry averages 125 breaches each year with 52% of the cost relating to information loss.

While many organizations are taking action to improve their cybersecurity profiles to address their risk of breach, in February 2018, the US Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) gave management and auditors a wake-up call by requiring them to incorporate non-traditional risk, especially cyber-risks, as a part of financial reporting.  

In this report, you’ll find out about best practices and cost-effective ways to focus on remediating these risks.

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