As organisations face ever-increasing cyber-security threats, one estimate suggests that cybercrime could cost businesses over US$2 trillion by 2019, nearly four times the estimated 2015 expense. Although increased spending on technology tools may help to address cyber risks more effectively, internal auditors are advocating a holistic approach that includes policies, response planning and board involvement to develop a broader view of an organization’s cyber risks and defences. Nickson Choo, former Governor of IIA Malaysia explains how auditors are now part of the cyber war army.

<p>As organisations face ever-increasing cyber-security threats, one estimate suggests that cybercrime could cost businesses over US$2 trillion by 2019, nearly four times the estimated 2015 expense. Although increased spending on technology tools may help to address cyber risks more effectively, internal auditors are advocating a holistic approach that includes policies, response planning and board involvement to develop a broader view of an organization&rsquo;s cyber risks and defences. Nickson Choo, former Governor of IIA Malaysia explains how auditors are now part of the cyber war army.</p>

The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.

Open For Business

The essential toolkit for business, all in one place: from learning what to do and what not to do to the intricacies of keeping it all humming together nicely. Freda Liu, Jeff Sandhu, Audrey Raj, Richard Bradbury, Arvindh Yuvaraj and Christine Wong meld management with tech to keep you ahead of the trends that might vault productivity to another level.

Advertisement