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Staffing for Success

Digital ​Geoff Nordhoff Jul 30, 2021

Internal audit's key role in addressing digital threats has spurred the need for cybersecurity expertise on the audit team.

Organizations are moving gingerly into the post-pandemic world with a heightened focus on cybersecurity, with overall cybersecurity spending projected to grow as much as 10% this year, according to IT research firm Canalys. Regulators — already concerned about cybersecurity — have ratcheted up their oversight, vividly illustrated by the U.S. Office of the Comptroller of the Currency's $80 million fine against Capital One last year (see "Capital One Data Breach" below). In fact, cybersecurity was one of the top-ranked risks identified by board members, management, and chief audit executives (CAEs) in The IIA's OnRisk 2021 report.

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​Geoff Nordhoff

The Institute of Internal Auditors

Geoffrey Nordhoff is a Content developer and writer, Standards and Professional Knowledge at The IIA.