Stating that technology has had a tremendous impact on the business of today is an understatement. From communication and transactions with customers to internal protocols and data management, there isn’t an area of the modern company that’s been impacted. While a majority of decisions surrounding technology seem to be made enormously quicker today, that can also have an adverse effect, especially as it relates to governance, risk, and compliance (GRC).
The quick adoption of applications and other forms of technology is currently shortcutting the GRC process, says Ford Winslow, CEO of ICE Cybersecurity, a San Diego-based cybersecurity solutions provider. The result of this is forcing IT auditors to raise their game and act at the speed at which the business is adopting a technology.
“We have great risk going out there - to privacy and data, and teams are driven revenue, so [it’s critical] to keep up,” Winslow told Internal Audit Insights during an interview at MISTI’s recent IT Audit & Controls Conference in San Diego. Getting involved early and leveraging automation are two key areas where IT audit can stay ahead of the game, he added.