Page 84 - AIC souvenir_Final

Managing Risks - Internal Audit &

Cyber Security – 27 November 2019

A seminar on MANAGING RISKS - Internal billion. Malware and ransomware are on the rise
Audit and Cyber Security was held on 27 Nov and listed companies especially are big targets
2019 which graced by H.E. Abdulqader Obaid for hackers. Speaker CA N G Shankar, Consultant
Ali, President, UAE Internal Audit Association and Ex-Group President-Corporate Audit,
and CEO, Smartworld. In his keynote speech, Aditya Birla Group, spoke on how internal audit
he revealed that every 14 seconds an identity is a critical player in organizational governance.
or a company is being hacked. Technically Mr. Nagesh Suryanarayana, Managing Director,
speaking, you have already been hacked in your Protiviti, UAE spoke on NextGen-Internal Audit.
organization and you just don’t know it yet. It The last speaker was Mr. Vishwanath Nemani,
takes almost 177 days for an organization to Senior Manager, Cyber Risk Services, Deloitte &
realize that they have been hacked. Studies have Touche M.E spoke on a very relevant topic – The
determined that the cost of this is over $600 Role of Internal Audit in Cyber Security.

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