BREACH HEADLINES

KPMG Admits to Misconduct and Misleading Regulators in Spot Checks on Carillion, Regenersis Audits

T-Mobile Pushes Again for Pause on Data Breach Class Action Suit

Facebook Directed to Pay Every Victim Over Personal Data Breach

Volkswagen Says Vendor Breach Impacted 3.3 Million Customers in North America

Robinhood Says Millions of Customer Names and Emails Taken

Cybercriminals Attack 4 Security Flaws in Microsoft Exchange Server, Exposing 30,000 Organizations

State Dept. Offering $10 Million Reward to Bring Colonial Pipeline Hacker to Justice

U.S. Financial Regulation Finalized: Banks Must Report Major Cyber Incidents Within 36 Hours

PREDICTIONS

GRC platform sourced evidence ruled as “conflicted” for 3rd party audits.

Class action suits for accepting conflicted, omitted data wreak havoc on IT audit firms.

Cyber insurers push for mandatory real time “blood tests” for all covered entities.

Class action lawsuits hit tech firms and their vendor ecosystems.

AICPA exits cyber auditing or completely revamps audit standards due to catastrophic data integrity problems in IT auditing.

Audit: / au • dit /


Latin Origin: First known use in 15th century, with little to no tech or process evolution since... like NOTHING!

Noun:
  1. Back in the day when people used to ask other people for paper documents, scrolls, and pictograms of their choosing, as evidence.
  2. A time when the evidence collection method was a slow and tedious human driven process - even a cave man could do it!
  3. Back when grown adults used written questions and answers to authenticate compliance, and pretend everyone was telling the truth.
  4. A time when people could manipulate pictures or swap out real data with "samples", and earn a passing 2-thumbs up - plus a wink.
  5. Back when a concept called Zero Trust applied everywhere else EXCEPT with audit standards.

Audit In A Sentence:

Well hell, you wouldn't use an accountant to develop technology that scales audit automation, would you?

Auditmation: / audit • may • shn /


American Origin: Created in 2021 to regain the trust and integrity of today's IT audits, through machine-validated continuous truth

Noun:
  1. independent, machine-driven assessment and audit automation process, eliminating human intervention
  2. method by advanced robotic process automated means, producing unbiased immutable data integrity
  3. replaces dependency on people, process, and tools, with automated testing to 100% of control and population coverage
  4. proprietary method for obtaining evidence data from its source, bypassing all traditional intermediaries
  5. a state of continuous risk assessment and testing, against every policy, procedure, implementation statement, and control

Auditmation In A Sentence:

The days of auditors accepting omitted, curated, or auditee created evidence are over. Zero trust for 3rd party auditing enables the audit truth.

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