IT auditing, Incident Handling and Risk Management – Part 1

IT Auditing, Incident Handling, and Risk Management
Table of Contents

Organizations must be able to respond to cyberattacks and have a plan of action in place. They must also be able comply with the many regulatory requirements that are being added by governments and economic blocs. Cybercriminals are often attracted to these regulatory requirements, which often cover many different things.
While there are many laws regarding user data, hackers seem to have an insatiable appetite for user data. If user data is stolen or breached by an organization, it will have both to comply with regulations and lose customers. Organizations have been focusing more on avoiding cyber attacks due to the severity of the consequences.
They conduct IT audits to identify weaknesses in their IT infrastructure and fix them before disaster strikes. It is impossible to be 100% secure so organizations are investing in cyber resilience and robust incident handling techniques. These cyber security strategies will be discussed in this blog post.
Part 2 of this blog post will be covered.
IT auditing
This refers to an examination of all IT infrastructure within an organization. IT audit also includes the organization’s security policies, standards, or procedures. A complete audit can determine if an organization has adequate controls to protect its IT assets and data, and to help it achieve its business goals. Here’s a deeper explanation of why IT audits are necessary:
To assess the security systems, policies, processes, and procedures within the organization
Increased cyber attacks have prompted IT security managers to implement more security solutions to their IT infrastructure. These security solutions include software access controls and physical access controls, as both hardware and software security are equally important. All of these security solutions must be regularly inspected to ensure that they are functioning as expected.
IT audits will examine the processes and configurations used in these solutions to determine if there are any vulnerabilities that could be exploited. The audit team will be able to give clear instructions on how to close the gaps once they have been identified. Auditing also includes security policies. Security policies encompass the entire IT infrastructure and include both external and internal security controls. Security concerns could arise in the future if the standards and procedures for security are not followed properly.
Auditing can also be used to verify compliance with security policies. Auditing can reveal whether employees have violated security policies, such as those that require you to create a complex 8-character password.
To assess the risks to company assets
IT auditing can help uncover potential risks for an organization. Auditors review the security controls within and outside an organization, as mentioned previously. They will also uncover risks associated with the controls. They also review the organization’s security policies.
Auditing can uncover inadequacies or policies that could cause more harm than good. Auditing involves many things. It examines every aspect of an organization. The audit covers everything from systems to physical security, and is designed to identify any weaknesses or vulnerabilities within the organization. The audit is concluded

Author: Victoria