How The Upsurge In Cyber Security Breaches Is Threatening Accounting And Bookkeeping
Navin is an experienced finance and accounting (F&A) operations specialist with 20 years in the outsourcing industry. He has strategically led the development of several workflows, reconciliations, process re-engineering, operations management tools, and setting up greenfield operations like Payroll and Financial Research. The only constant is ‘change’. As proof, we can say that the world moved from physical to digital during the pandemic. The businesses also adapted to new operational paradigms and this paradigm shift introduced the world to new challenges of cybersecurity issues. Cybersecurity issues have increased significantly around the world. The increased deployment of technology in business operations and remote working trends that have become a mainstay during the Pandemic are primarily to be held liable. Cybercrime increased by 600% during COVID-19 Pandemic. In the first three months of 2022, India experienced over 18 million cyber intrusions and threats. Data breaches are high on the rise. Firms and employees who are desperately seeking information are more prone to fall into its traps. Although data breaches have been experienced across all the industries, breaches for accounting firms have been more on the rise lately. As per Accounting today, accounting firms experienced a 300% rise in data theft since … Continue reading How The Upsurge In Cyber Security Breaches Is Threatening Accounting And Bookkeeping
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