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Accountants against cyber-crime

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.

Do you know who is driving your car? It might not be you!

The newest generation of cars are much more than just four wheels and a steering wheel. They contain more software-controlled features than the USS Enterprise, and in times of people being online at all times, so are their new cars’ onboard systems. This seemingly useful addition to our road journeys, however, also bears a risk that any online device potentially faces: being accessed (read: hacked) by a third party. As the American car manufacturer Tesla recently found out, a lack of control who is able to access (and manipulate) the onboard software may lead to severe ramifications, as this BBC article details. Ultimately, it demonstrates that everything that could go online (like fridges, clothes, watches or vehicles) needs to have a plethora of control features attached to it.