shaheennews<\/p>\n
Not a day goes by without a breaking news story about data breaches or personal data theft from large organisations. Cyber-crime is one of the biggest risks to businesses to date and globally its estimated costs will reach $6trillion by 2021.<\/span><\/p>\n <\/p>\n ACCA (Association of Chartered Certified Accountants) has teamed up with Chartered Accountants Australia and New Zealand, Macquarie University and Optus to launch the report <\/span>Cyber and the CFO<\/i><\/b>. The global survey, which features views from almost 1600 ACCA and CA ANZ members, finds cyber security is not managed as a risk to businesses and is too often left to IT specialists to handle.<\/span><\/p>\n <\/p>\n Highlights from the report show<\/span>:<\/span><\/p>\n <\/p>\n Cyber-risk is becoming ever more complex with the integrated nature of supply chains. \u00a0Only 19% of survey respondents said they regularly audited their supply chains.<\/span><\/p>\n <\/p>\n ACCA\u2019s head of business management, Clive Webb, says:<\/span><\/p>\n <\/p>\n \u2018The increasing use of technology within businesses to create commercial advantage comes at a price and that price is cyber risk.<\/span><\/p>\n <\/p>\n \u2018The finance community cannot stand by and leave cyber security to others in the business to manage. It is very complex, but it is essential for finance leaders to familiarise themselves with the issue.<\/span><\/p>\n <\/p>\n \u2018The report highlights the changing nature of the cyber threat. It establishes the financial and operational risks that arise and in that regard the finance community needs to keep abreast of the evolving nature of the threat and ensure it is managed appropriately.\u2019<\/span><\/p>\n <\/p>\n ACCA\u2019s head of Middle East, Fazeela Gopalani, says: \u2018The Middle East is quoted as being the most targeted region in the world for cyber criminals. With increased investment in technology and government initiatives that are driving a digital economy, access to virtual data continues to rise. In turn, this increases the risk and opportunity for cyber criminals. It is fundamental that finance professionals mitigate this risk at the onset to ensure they are supporting a digitally safeguarded economy which can deliver robust fiscal growth.\u2019<\/span><\/p>\n <\/p>\n About ACCA<\/b><\/p>\n <\/p>\n ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. <\/span><\/p>\n <\/p>\n ACCA supports its <\/span>208,000<\/b> members and <\/span>503,000<\/b> students in <\/span>179<\/b> countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of <\/span>104<\/b> offices and centres and more than <\/span>7,300<\/b> Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.<\/span><\/p>\n <\/p>\n ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally. <\/span><\/p>\n <\/p>\n *Source: <\/span>AETOSWire<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" shaheennews Not a day goes by without a breaking news story about data breaches or personal data theft from large organisations. Cyber-crime is one of the biggest risks to businesses to date and globally its estimated costs will reach $6trillion by 2021. ACCA (Association of Chartered Certified Accountants) has teamed up with Chartered Accountants …<\/p>\n","protected":false},"author":2,"featured_media":4452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-4451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\n\n