Understanding Cyber Security Risk
Regarding cybersecurity,
Most leaders don’t
understandhow much
risk they are assuming.
(IIA-CBOK)
Magazine
Magazine
1
Cyber Security Risk
Cybersecurity risk isthe probability of exposure or lossresulting from
a cyber attack or data breach on your organization.
A better, more encompassing definition is the potential loss or harm
related to technical infrastructure, use of technology or reputation of an
organization.
Source: Upguard& Metricstream
Cyber Attack Brief History
Morris Worm, 1988
WannaCry variant, 2017-2021
Navigating Top 10 Technology Risks
14,518 responses
166 countries
23 languages
www.theiia.org/goto/CBOK
2
Navigating Top 10 Technology Risks
14,518 responses
166 countries
23 languages
www.theiia.org/goto/CBOK
Internal auditors can play an integral rolein
the organization to ensure that cybersecurity
risks are addressed appropriately, i.e:
(1) extensive audit, (2) verifying the test and
simulation made by management
Cyber Attack Trend
2017
2021was one of the most active years for cyberattacks. According toCheck Point
Research, cyberattacks increased 50% year-over-year, with each organization facing
925 cyberattacks per week globally. As per the statistics, businesses witnessed 50%
more attacks per week in 2021 compared to 2020. TheLog4J vulnerabilitywas one of
the major contributors to the significant rise in malicious activities last year.
Source: https://spanning.com/blog/cyberattacks-2021-phishing-ransomware-data-breach-statistics/