Auditors working on cyber-risk standard

Thursday, 15 April 2004, 10:52 AM EST

The consortium, which includes the Big Four accountancy firms and US-based insurance giant AIG International, aims to agree a cyber-risk model that can be used by companies in all industries.

Auditors and insurers could also use the risk preparedness index to help decide whether a company has adequate IT security arrangements.

Although details of the framework have yet to be finalised - and the companies involved in the consortium have declined to comment further - security experts said it will focus on an organisation's IT security safeguards, such as its firewalls and anti-virus software, and compare this to the security threats it faces.

By Nick Huber at Computer Weekly.

[ Read more ]




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