In a consent order signed with eight states, credit reporting agency Equifax agreed to adopt several measures to shore up weaknesses across a wide spectrum of its IT and data security operations. The order includes a provision to beef up its internal audit program. It requires better assessments of internal Read More
A new study from Deloitte indicates that it might be time to audit the crisis management plan. The study based on responses of 523 senior executives involved in risk, crisis management, and business continuity finds just 17 percent say their organizations have tested their crisis response plans. That’s way to Read More
A new survey finds that corporate boards are expected to ask IT, IT audit, and other functions responsible for securing the company’s data and systems for more information on the effectiveness of cybersecurity programs. The survey, by Deloitte, found that 62.7 percent of C-suite and other executives expect board directors’ Read More
A new report from consulting firm Protiviti takes a close look at several companies’ audit departments as they attempt to adopt new technologies or help the business through digital transformation. The publication highlights the achievements of such companies as Accenture, Conservas La Costeña, Heineken, JP Morgan Chase, Juniper Network, Panera Read More
Due to a bug discovered during an internal audit, social media company Twitter is recommending users change their passwords. An audit found that passwords were being stored in plaintext before an encryption process took place to secure the passwords on internal files. The company has fixed the bug, but is Read More
The European Union’s General Data Protection Regulation (GDPR) takes effect on May 25, and it represents a significant new legal regime for protecting personal data that will impact organizations worldwide. GDPR establishes standards governing the collection, use, storage and destruction of personal data of EU residents. It replaces the 1995 Read More
New survey results from the Ponemon Institute are likely to send shivers down the spines of IT auditors, cybersecurity professionals, and risk managers. The alarming results say companies are losing the battle to protect digital assets and intellectual property from hackers and online thieves. Here’s the lowlights: A whopping 82 Read More
