SOC 2_CC3.3


Security Risk Assessment


COSO Principle 8: The entity considers the potential for fraud in assessing risks to the achievement of objectives.

Considers Various Types of Fraud—The assessment of fraud considers fraudulent reporting possible loss of assets and corruption resulting from the various ways that fraud and misconduct can occur.Assesses Incentives and Pressures—The assessment of fraud risks considers incentives and pressures.Assesses Opportunities—The assessment of fraud risk considers opportunities for unauthorized acquisition use or disposal of assets altering the entity’s reporting records or committing other inappropriate acts.Assesses Attitudes and Rationalizations—The assessment of fraud risk considers how management and other personnel might engage in or justify inappropriate actions.Considers the Risks Related to the Use of IT and Access to Information—The assessment of fraud risks includes consideration of threats and vulnerabilities that arise specifically from the use of IT and access to information.


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What is a Cybersecurity Compliance Framework?

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