Podcasts · All Things Internal Audit

Ransomware Readiness and the Role of Internal Audit

· 22 min · S3 E80

Episode Ransomware Readiness and the Role of Internal Audit

0:00 21:55

The Institute of Internal Auditors Presents: All Things Internal Audit Tech

In this episode, Adam Ross speaks with Vipul Patel about how organizations can better prepare for ransomware attacks. They talk through what goes wrong in the first hours of an attack, what smart preparation looks like, and where traditional audit approaches fall short when a business is in crisis mode.

• HOST:

• Adam Ross, CIA, CISA Partner and Internal Audit Services Leader, Grant Thornton

• GUEST:

• Vipul Patel, CISA Audit and Assurance Managing Director, IT Internal Audit Leader, Deloitte & Touche LLP

KEY POINTS:

• Introduction [00:00:02-00:00:27] • Common Mistakes in Ransomware Response [00:00:27-00:02:14] • Building Crisis Communication Plans [00:02:20-00:03:03] • A Simple Incident Response Runbook [00:03:03-00:05:03] • Internal Audit's Role Before an Incident [00:05:03-00:07:05] • Stress Testing and "What If" Scenarios [00:07:05-00:08:01] • Tabletop Exercises and Cross-Functional Readiness [00:08:02-00:10:03] • Partnering With the CISO and Management [00:10:03-00:11:15] • Lessons Learned After Ransomware Incidents [00:11:15-00:14:05] • Governance Changes After an Attack [00:14:55-00:16:55] • Cyber Risk as a Business Issue [00:16:55-00:17:16] • Traits of Organizations That Respond Well [00:17:20-00:19:44] • Final Advice for Internal Auditors [00:19:44-00:20:56]

Visit The IIA's website or YouTube channel for related topics and more.

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• Global Internal Audit Standards • Cybersecurity Topical Requirement • Course: Detecting, Mitigating and Responding to Global Ransomware Attacks • Articles: A Ransomware Playbook • IIA Certificates: IT General Controls Certificate • Knowledge Centers: Artificial Intelligence • Vison 2035 • IIA Courses: Fundamentals of IT Auditing • Become a Certified Internal Auditor (CIA) • CIA Challenge Exam

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Transcript

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