Abstract
Financial institutions worldwide are under constant pressure in the current financial climate to maintain technological safeguards that help combat cyber-attacks’ ever-prevalent risk. It is increasingly significant for financial institutions to identify and address their Information Technology (IT) weaknesses in IT security and governance to protect their financial holding and, most importantly, their stakeholders’ financial interests. The methods of identifying and mitigating IT weaknesses partially fall under the banner of the corporate governance of a company. In a South African context, the financial institutions listed on the Johannesburg Stock Exchange (JSE) are required to ensure that they are in compliance with the KING IV Code for all financial year ends starting on or after 1 April 2017. The KING IV Code requires all listed companies on the JSE to apply and explain all the principles of KING IV and report all required disclosures, such as the disclosures included in principle 12 relating to IT governance...
M.Com. (Computer Auditing)