About Us | Contact Us
View Cart

Audit Checklist Does Not Equal Security

By Vigilize | Thursday, October 24, 2013 - One Comment

For organizations to develop a mature risk management program, they must go beyond the checklist.

We have always believed that checklists are dangerous in audits, that audits should be based on risk as much as compliance. We believe that risk assessments should determine the controls that mitigate the most risk, and that those are the controls that should be tested in an audit, and that compliance risk should be considered as just one of the many types of risk. This article helps bolster our position.

Compliance does not always equal security. When organizations focus only on passing the audit checklist, they are missing the whole point of having a security system. In order to function, there needs to be a concerted effort to build the resilience of the organization’s IT system. Constantly reacting to one breach after another is not fixing the problem. This is only treating the symptoms. In order to prevent future breaches, organizations must work to get in front of the attackers and bolster their defenses.

The newest Global Information Security Survey showed that out of 9,600 organizations, only 17% possessed a mature risk management program.

Every company needs to understand how much risk they are willing to tolerate and understand the consequences – both long term and short term – of accepting too much IT risk. Integrating security into everyday business operations can be a good first step. The idea is that organizations move away from this idea of checklist compliance to proactively securing their organization.


Original article by George V. Hulme.
Read the full story here.

One Response to “Audit Checklist Does Not Equal Security”

Comment from k
Time 10/24/2013 at 1:59 pm

So true! We need to go in with eyes wide open so that mitigations can be put in place. And if few mitigations are available we still need to decide if we can ‘accept that baggage’!

Latest News
    A Webinar-Movie In 2018 the NCUA started reviewing credit unions with $1 billion or more in assets using a tool known as the Automated Cybersecurity Examination Tool, or ACET. The expansion to smaller credit unions is inevitable. In the new year, credit unions should now think about how they can come into compliance with the […]
    What are the top seven risks your board should know about in 2021? Since his first board presentation in 2000, when Dan presents audit reports to boards of directors, he also talks to the board about the top risks the institution is facing. Since 2006, Dan has been compiling a list of the “top seven […]
    It’s time for another workshop for the technical side of the community-bank. The infotex Team brings you all new topics for 2021! Topics that are jam packed with all the techno-babble that is often lost on management, but is music to the Bank IT Geek’s ears. Time for a workshop where we can turn off the […]
     A Timeline Update as of 02/22/21 An update to our Newest Employee’s FIRST Technical Article Another interim post-mortem review . . . . A Note About Updates: We have decided to leave the original article as it was originally posted and to update this post with any changes that have been made. You can see […]
    Another awareness poster for YOUR customers (and users).  Now that we have our own employees aware, maybe it’s time to start posting content for our customers! Download the large versions here: Awareness Poster (Portrait) Awareness Poster (Landscape)   You are welcome to print out and distribute this around your office.  
    A Webinar-Movie The 2020 annual webinar update on the subject will include a review of the previous years’ movies that are already available, and a discussion about alternative tactics that have arisen from recent virtual conferences and regulator panels.
    The cybersecurity industry faces challenges, and some of them may involve your business… An article review. In a world where threats to your organization’s electronic assets are constantly emerging and evolving a cybersecurity insurance policy can help mitigate risk…but what kind of risk does the cybersecurity insurance industry face?  A new article in the Harvard […]
    A Timeline as of 01/24/2021 Our Newest Employee’s FIRST Technical Article Another interim post-mortem review . . . . A Note About Updates: We are leaving this article as is, but for any updates to the timeline, check the Autopsy of the SolarWinds Hack Timeline Update article!      – Vigilize Introduction: As the managing […]
    PRESS RELEASE – FOR IMMEDIATE RELEASE BUSINESS NEWS FORUM AND CONFERENCE NEWS infotex is proud to announce that Dan Hadaway will be moderating a series of IT Forums for the Ohio Bankers League. “We are excited to continue fostering the relationship with the OBL to help educate and keep Risk Management at the forefront of […]
    Top 7 Trend Articles of 2021. . .  . . .For ISOs of Small Financial Institutions. Welcome to our annual T7 article:  a list of our favorite trend articles from the past year.  Our intent: help you organize your thoughts as your work through your strategic planning process.  We hope reviewing these articles will help you […]