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Volume 27, Issue 4

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Cyber Crime: Is Your Company a Target?

Written by  Dr. Albert J. Marcella, Jr., Ph.D., CDP, CFSA, CISA Thursday, 22 November 2007 01:13

Ian I. Mitroff, professor of business policy at the Marshall School of Business at the University of Southern California, said in a recent interview, “Corporations – or IT departments – tend to focus on crises they know about. That doesn’t serve them well. It’s not the crisis you know that will kill you; it’s the one you don’t know. There are all sorts of crises: economic, reputational, human resources. Organizations are susceptible to a wider array of crises than 30 years ago, and any one can be the cause or the effect of any other. Something in IT could trigger something elsewhere, or vice versa. Crises don’t give a damn about the silos and walls we set up.” Unfortunately, Professor Mitroff’s warning may well go unheeded, if senior management fails to listen and to listen well. If the corporate audit function is truly to serve and to represent management as its