Learn the scale of cybercrime

Why all management accountants must read this

There is a serious danger that management accountants might see cybersecurity as a technical matter best left to IT professionals.

However, the scale of the risk involved — and their suitability for the role — makes it imperative that management accountants play an active role.

With the scale of big data growing exponentially, computer crime such as hacking, malicious code, viruses, data theft and fraud will grow rapidly too.

“Cybercrime is the greatest threat to every company in the world, and one of the biggest problems with mankind.”

- Steve Morgan, Cybersecurity Ventures,
7 December 2018

The potential to derail, disrupt, devastate

The World Economic Forum (WEF) publishes a global risk report in January each year. In 2019, cybercrime featured under three headings: technical, economic and geopolitical.

Cyber risks are technical in that they relate to the use of information technology and digital data.
A large-scale cyberattack can cause massive economic damage, geopolitical tensions and
widespread loss of trust in the internet.

Are you confident that you and your organisation are well-protected against cybercrime?

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