Detection Risk: In auditing, detection risk is the chance that the auditor’s procedures will fail to detect a material misstatement in a company’s financial statements. From a cybersecurity perspective, detection risk involves the likelihood that an organization’s monitoring systems will not catch an ongoing security breach or malicious activity. Both concepts emphasize the importance of robust testing and monitoring systems to minimize the risk of oversight.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D2: Information security risk management | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D3: Risk Identification Monitoring and Analysis
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