Viljoen plc has suffered the following events: (1) An accidental failure of IT security resulting in publication of confidential client data (2) A deliberate breach of IT security resulting in client data being passed to a competitor (3) A new government regulation resulting in increased IT security costs Which of these events are examples of cyber risks materialising? A. (1) and (2) only B. (1) and (3) only C. (2) and (3) only OD. (1), (2) and (3)

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle
Section: Chapter Questions
Problem 25RQSC
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Viljoen plc has suffered the following events:
(1) An accidental failure of IT security resulting in publication of confidential client data
(2) A deliberate breach of IT security resulting in client data being passed to a competitor
(3) A new government regulation resulting in increased IT security costs
Which of these events are examples of cyber risks materialising?
A. (1) and (2) only
B. (1) and (3) only
C. (2) and (3) only OD. (1), (2) and (3)

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