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‘COSO in the Cyber Age’

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has released a new research report that provides direction on how the Internal Control-Integrated Framework (2013) and the Enterprise Risk Management-Integrated Framework (2004) can help organizations effectively and efficiently evaluate and manage cyber risks.

The report, authored by Mary E. Galligan, director, Cyber Risk Services, Deloitte & Touche LLP, and Kelly Rau, senior manager, Deloitte & Touche LLP, urges organizations to make cyber risk management a top priority.

The report suggests some key questions an organization should
ask:

  • Are we focused on the right things?
  • Are we proactive or reactive
  • Are we adapting to change?
  • Do we have the right talent?
  • Are we incentivizing openness and collaboration?
  • Can executive management articulate its cyber risks and explain its approach and
    response to such risks?

To read the report click here (PDF).

•Date: 16th January 2015 • World •Type: Article • Topic: Enterprise risk management


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