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Cybersecurity: The changing role of audit committee and internal audit

Deloitte: “Among the most complex and rapidly evolving issues companies must contend with is cybersecurity. With the advent of mobile technology, cloud computing, and social media, reports on major breaches of proprietary information and damage to organisational IT
infrastructure have also become increasingly common, thus transforming the IT risk landscape at a rapid pace. International media reports on high-profile retail breaches and the major discovery of the Heartbleed security vulnerability posing an extensive systemic challenge to the secure storage and transmission of information via the Internet have shone a spotlight on cybersecurity issues. Consequently, this has kept cybersecurity a high priority on the agenda of boards and audit committees…”

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