Cybersecurity audits and assessments are one of the best ways organizations can improve their security posture. When done right, they can help identify cyber risks, validate the effectiveness of cybersecurity programs and protect the business against cyberattacks. Cybersecurity audits and assessments are one of the best ways organizations can improve their security posture. When done right, they can help identify cyber risks, validate the effectiveness of cybersecurity programs and protect the business against cyberattacks. Photo: zaha/Adobe Stock

Washington, D.C. magazine CFO reports financial auditors are increasingly concerned about cybersecurity, demanding greater transparency on how organizations are managing and mitigating cyber risk. And why shouldn’t they? A cyberattack or a data breach can lead to major financial losses, business disruption, loss of customer confidence, costly lawsuits and irreversible damage to reputation.

Cybersecurity audits and assessments are one of the best ways organizations can improve their security posture. When done right, they can help identify cyber risks, validate the effectiveness of cybersecurity programs, protect the business against cyberattacks, and provide assurance to stakeholders. However, cybersecurity is such a vast domain that it is difficult to determine what constitutes the “right” way of doing things. Here are five common mistakes that every organization must avoid when it comes to auditing its cybersecurity:

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