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International In-house Counsel Journal logoInternational In-house Counsel Journal logo

Information Leakage and Other Threat: What is Internal Audit's Role?

April 2015
AuditFMCG

Abstract

Effective information management and security remains one of the most important aspects of every business entity. It is interesting to notice that if you “Google” the words “Data Leakage” more than 6,7 mn results are presented, while public news publishes on a frequent basis cases of data loss or leakage which receive great public awareness. According to latest data from DataLoss Database (http://datalossdb.org/statistics), there is an increasing trend of data and information leakage incidents over time during the years, with the majority of them (57%) from outside the organization while another 36% from inside. This trend is enforced by recent cases of data leakage by a large Insurance Company in the US (Anthem) of a firm illegally bought and sold 150mn customer’s information in Shanghai as well as an unprecedented leak of documents that revealed the closely guarded investment information of more than 100,000 people around the world.

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Author

Portrait image of Nikolaos Dounis
Nikolaos Dounis
Cluster Internal Control & Compliance Manager, Imperial Tobacco Group, Greece

Professional experience of more than fifteen (15) years in leading edge Multinational Organizations and Industries (Tobacco, Telecoms, Banking, Manufacturing) in Internal Audit, Risk & Compliance roles. Currently working as the Cluster Internal Control & Compliance Manager of Imperial Tobacco Group, responsible for the South East Europe Cluster (Italy, Greece, Romania, Bulgaria, Cyprus, Malta, Israel, Palestine Markets). Previously worked in Internal Audit and Consulting roles in Cosmote Mobile Telecommunications and PwC respectively. Strong Academic & Theoretical background, encompassing a PhD and MsC in Internal Auditing & Management from a leading edge institution (Cass Business School - City University of London), with continuous development via publications and presentations in International Academic Conferences and Associations. International Professional Qualifications of Certified Internal Auditor (CIA), Certified in Risk Management Assurance (CRMA), Certification of Teaching in Higher Education (City University of London) and Authorized Professional Trainer conducting seminars and trainings.

Company

Imperial Tobacco Group

Imperial Tobacco Group is an international fast moving consumer goods company with a strong track record of creating value for the shareholders, geographic diversity and a core business built around an optimized tobacco portfolio.

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