No Audio There is no audio in this video. ⏸ FROM AI TO CYBER - DECONSTRUCTING A COMPLEX TECHNOLOGY RISK LANDSCAPE Assessing the results of the 12th Annual Global Internal Audit Perspectives on Top Technology Risks Survey from Protiviti and The Institute of Internal Auditors Home Key Findings Call to Action IIA Guidance Infographic Webinar Full Report Executive summary Cybersecurity. Data privacy and governance. Artificial intelligence (AI). Third-party risk. The 12th Annual Global Internal Audit Perspectives on Top Technology Risks Survey reveals a nuanced view of the tech risk landscape facing organisations, highlighting cybersecurity as the top concern, amplified by fears over data breaches and ransomware. Emerging trends emphasise the growing influence of AI on technology auditing and its associated risks. The findings underscore the need for auditors to adopt new strategies and increase audit frequency to stay ahead in an evolving environment where high-frequency IT auditing groups report a distinct perception of threats compared to their peers. Read full report Our key findings Cybersecurity is top tech threat AI's emerging influence Data concerns are prevalent More tech audits, better performance Cybersecurity is top tech threat Not only do cyber concerns stand out as the top threat, but these concerns are even greater among organisations conducting technology audits more frequently, as well as among those using cybersecurity and AI-based tools to support the technology audit department. These more mature organisations also expressed the highest level of preparedness to handle this risk. AI's emerging influence While AI is not viewed as a significant short-term technology concern, most respondents (59%) view advanced AI systems as posing significant risks to their organisations in the next two to three years. Further, the use of AI-based tools in technology auditing is associated with elevated concerns about various threats, including cybersecurity and data privacy, and also drives higher levels of perceived organisational preparedness to handle such threats. Data concerns are prevalent Data privacy, compliance, governance and integrity rank among the top technology risks organisations face, and 52% view data breaches and leaks of sensitive information as posing the greatest cybersecurity-related threats. More tech audits, better performance Conducting more technology audits annually (for purposes of analysing this survey’s results, defined as six or more — see page 8) drives a clearer understanding of the threat landscape and contributes to improved organisational preparedness and technology audit proficiency to handle these threats. Conversely, organisations with lower audit frequency may face blind spots in their risk management efforts, underscoring the importance of regular and thorough auditing. Embrace the use of emerging technologies like generative AI to help identify and address the most critical technology risks. Angelo Poulikakos Our call to action for technology audit leaders and teams This year’s research results point to seven important actions that CAEs and technology audit leaders and teams should take to address today’s and tomorrow’s technology challenges and position their organisations for success.Increase the frequency of technology audits performed annually.Assess technology audit proficiency gaps.Embrace the use of advanced tools in technology auditing.Stay laser-focused on cybersecurity.Stay on the leading edge of AI.Don’t forget data.Prioritise third-party risk management. Embrace the use of emerging technologies like generative AI to help identify and address the most critical technology risks. Angelo Poulikakos IIA’s Guidance on Proficiency Resources offered by The IIAFor relevant IT auditing guidance, we encourage you to explore the valuable resources provided by The Institute of Internal Auditors:GTAG Assessing Cybersecurity RiskGTAG Cyber Incident Response and RecoveryGTAG Cybersecurity Operations Prevention and DetectionGTAG Auditing Mobile ComputingGTAG Understanding and Auditing Big DataThe IIA’s Auditing Artificial Intelligence Framework Advanced AI poses significant risk in emerging tech over next 2-3 years Review previous reports and benchmarking studies here: Navigating a Technology Risk-Filled HorizonIT Audit’s Perspectives on the Top Technology Risks for 2022IT Audit’s Perspectives on the Top Technology Risks for 2021Today’s Toughest Challenges in IT Audit – Tech Partnerships, Talent, Transformation Advanced AI poses significant risk in emerging tech over next 2-3 years Leadership Lauren Brown Lauren is the country lead for Australia. With over 14 years' experience in governance, risk, and internal control, she specialises across multiple industries including health, higher education, government, consumer products, and energy. She is an active member and ... Learn More Steve Baker Steve has almost 30 years’ experience providing assurance services to a significant number of organisations for major national companies to all sizes of Commonwealth and State government agencies. Steve has performed and been responsible for many performance and ... Learn More Hellen Thomas Hellen is a managing director with extensive experience leading professional risk and assurance services to various clients, including government, financial services, universities, and the private sector.Major projects and accomplishmentsMajor projects Hellen leads ... Learn More Mark Burgess Mark is a managing director and Protiviti’s risk and compliance solution lead. With over 17 years of risk and regulatory compliance experience in the financial services industry, he has a proven track record delivering deep insights for his clients.Mark has spent a ... Learn More Topics Cybersecurity and Privacy Internal Audit and Corporate Governance Risk Management and Regulatory Compliance Data, Analytics and Business Intelligence