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As accountants working closely with IT, we need to be aware of threats to sensitive corporate data. The attack by ransomware virus wannacry in May 2017 has clearly indicated that many companies such as the NHS or Deutsche Bahn were not prepared well enough for such attacks. In this short blog post by Nick Huber from CA Magazine, he lists seven common cyberthreats that accountants should not only be aware of, but also take measures against.
Accounting firms working for businesses have access to a myriad of internal customer data critical to their decision-making and business success. As such, cybercriminals might not only target the businesses themselves, but also the accounting firms that harbour crucial data of their customers. In this highly interesting technology feature of the Journal of Accountancy, three experts on this issue discuss the responsibility of accounting firms to safeguard their customer data against cyberattacks, and the rising need to spruce up their own technology knowledge.