Cyber risks are a major concern for management and boards and remain noteworthy to investors and company stakeholders. Breaches, ransomware, malware, and other attacks are increasing, and the risk curve continues to go up.

As breaches become more pervasive and threaten shutdowns of company operations, there is greater urgency for companies and auditors to be aware of and head off these risks.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....