In a world where everything from automotive to banking relies upon technology, IT audit methodology needs to change. The future of IT audit should align itself with IT’s new strategic role and to act as an adviser, not solely an auditor.
The accelerated shift toward e-commerce has resulted in an uptick in the adoption of platforms of all kinds for businesses to market and sell products and interact with their customers. From online marketplaces, to last-mile fulfilment and delivery, to consumer financial services, digital e-commerce platforms are fast becoming a leading model for product and service delivery globally.
If you want to treat cyber as another business risk, then it needs to be assessed and evaluated in a way that you can compare it to and aggregate its effect with other sources of business risk.