Cyber threats loom large – How COSO’s new framework helps mitigate risk

Description

Abstract: Data breaches and other cyber threats are among the biggest risks companies face today. To help companies address these risks, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a research report in 2015 that provides guidance on how to evaluate and manage cyber risks. For example, COSO offers five internal control components such as controlling the environment, using risk assessments and developing control activities.