Apparently not, at least based on a recent Ernst & Young report, whose outcomes have been summarised in this article written by Adrie van der Luijt :
“IT fraud and data privacy fail to sound the alarm for CIOs and internal audit chiefs, a survey shows. Sixty-five per cent internal audit chiefs do not recognise data privacy and IT fraud as a serious threat to their business.
A survey, released by Ernst & Young, found that internal audit chiefs ranked corporate breaches and data privacy regulation sixth in their top ten IT risks for the organisation, while for CIOs it barely made it onto the list at just ninth.
In addition just 14 per cent of internal audit chiefs said that their staff had been trained in fraud investigation. …”
I would be interested in having a look at this survey, if only I could find a copy online …
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