Internal audit leaders cited technology as the main driver of risk to their organization, especially when it comes to cybersecurity, according to a new survey by the Institute of Internal Auditors.
The survey, released Monday during the IIA’s General Audit Management conference in Grapevine, Texas, found that cybersecurity was cited by 78% of the 562 internal audit leaders who responded to the poll as being a high or very high risk to their organization, followed by IT (57%), and third-party relationships (51%), which often include IT. The cluster of technology related risk across the top three spots was mostly consistent across privately held and publicly traded companies, financial and public sectors, as well as not-for-profit organizations.
“We consistently hear from our members that technology is the number one driver of risk in today’s increasingly complex business landscape, across organizations of all shapes and sizes,” said IIA president and CEO Anthony Pugliese in a statement. “Modern business is more technology-reliant than at any point in history. Along with the opportunities that accompany rapid growth in artificial intelligence, digital data storage, and…
