The rapid pace of technological change and globalisation have profoundly transformed the scale and way we work today. Recent figures from the National Fraud Intelligence Bureau show a threefold spike in reported financial losses to fraud and cybercrime in the first six months of 2021. Individuals and organisations in the UK reported losses of £1.3bn to fraud and cybercrime with reported instances of cybercrime spiking by seven times, rising from 39,160 to 289,437.
Cybersecurity experts predicted that in 2021, there would be a cyberattack incident every 11 seconds double the amount from the previous year and mainly coming in the form of ransomware. As the ongoing pandemic has seen more of us working from home than ever before the setting is ripe for exploitation. The humble home router has become the surface attack, and the ‘work at home’ employee the target of choice.
Today criminals will target any business regardless of size by exploiting weaknesses both internal and external. Understanding the weaknesses in your organisation is the best way to protect your business against fraud and cyber risk allowing you the opportunity to implement effective controls mechanisms before it’s too late.
This session will consider the cyber security risks in business for practitioners and reviews the practical steps that can be taken to reduce the risks at the earliest possible stage.
SPEAKERDr Stephen Hill BSc (Hons), CFE, MLPI, CIIP, PhDHill Bingham Ltd, Managing Director & Fraud Training Ltd, Director
3 CPD Units1 hour of learning = 1 unit of CPD
ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.
£60 + VAT (£72.00) per person
This event is organised by ACCA UK's Continuous Learning.
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