The Accountant’s Role in Cyber Resilience: A Deeper Look at the Actionable Strategies & Ethical Considerations
August 17, 2024
The Accountant’s Role in Cyber Resilience: A Deeper Look at the Actionable Strategies & Ethical Considerations

Cyber resilience is crucial for Accounting and Finance Professionals as they handle sensitive financial data, making them attractive targets for cyber threats. It is not just another box to tick and can no longer be an afterthought. 

Imagine this: you are reviewing the quarterly financials, and suddenly, the system shuts down. You discover a ransomware attack has encrypted all your data, and confidential financial information is at risk. As an accountant, you might think, “This is an IT issue!” but today’s reality is far more complex. Cyber threats are a direct threat to the financial integrity and operational stability of every organization.

In a world where data breaches can halt entire businesses, financial professionals need to understand how cyber resilience is not just an IT issue – it is an essential part of their responsibility. As accountants, auditors, and finance professionals, your role in maintaining data integrity and regulatory compliance means you are on the front lines of safeguarding financial systems against cyber threats. This practical workshop will provide you with a clear understanding of what cyber resilience means, why it is critical for the accounting profession, and how you can play an active role in protecting your organization from devastating cyber incidents.

Why Should You Care?
Consider this: nearly half of cyberattacks target small and mid-sized businesses, and a significant percentage of those affected never fully recover. A single incident could lead to compromised data, financial losses, and severe reputational damage. Your vigilance can make the difference between a quick recovery and a financial disaster.

In this workshop, we will explore:

  • Real-world cases where cyber incidents impacted financial departments
  • How to identify vulnerabilities in financial systems and reporting processes
  • Practical steps you can take to ensure resilience and protect the assets you manage

By the end of this workshop, you will not only have a strong understanding of cyber resilience but also actionable steps you can bring back to your organization to safeguard its most valuable data. Let’s make sure your organization—and your career—are equipped to handle the cyber challenges of today and tomorrow.

 

  • Introduction to Cyber Resilience for Accountants
  • Key Concepts of Cybersecurity
  • Legal and Regulatory Considerations
  • Ethical Considerations in Cyber Resilience for Accountants
  • The Accountant’s Role in Cyber Resilience
  • Practical Workshop: Assessing Cyber Resilience in Financial Systems
  • Key Takeaways and Actionable Next Steps

Learning Objectives: 

  • Understand the concept of cyber resilience and its relevance to the accounting profession
  • Gain insights into the potential impacts of cyber risks on financial operations and reporting
  • Learn the key cybersecurity principles and frameworks
  • Recognize the role of accountants in ensuring cyber resilience within organizations
  • Understand regulatory requirements related to cyber resilience and financial reporting
  • Gain practical knowledge of mitigating cyber risks to safeguard financial data integrity
  • Develop an ethical framework for handling sensitive financial data in cyber risk scenarios

This workshop qualifies for 2.0 CPE hours in Ethics and Professionalism (Category 2) and 5.0 CPE hours in Other Relevant Expertise

As part of our commitment towards minimizing carbon footprint and contributing to a healthier planet, we will only be issuing the soft copy of the training materials.

The training materials will be emailed to you 2 days before the workshop. Charging points are available in the training room to charge your digital device.

 

Accountants, Finance Professionals, Auditors, Risk Managers and Internal Controls Specialists.

No prior cybersecurity knowledge is required, though familiarity with data protection practices is beneficial.

Expert Speaker

Kingston Low

CA, CIA, CISA, CRMA, CBCP, and FFP

Kingston Low is a highly accomplished and seasoned professional with over 20 years of experience in corporate governance, risk management, and internal audit. He has a proven track record of advising boards and businesses on enhancing productivity, effectiveness, and risk mitigation strategies. He has successfully led business redesigns and implemented best practices that resulted in significant efficiencies and cost savings.

As a distinguished trainer and thought leader, Kingston shares his expertise at conferences and conducts specialized training for various professional institutes. He is passionate about mentoring the next generation of internal audit, risk management and Business Continuity professionals, ensuring they are equipped with the knowledge and skills to excel in an ever-changing business landscape.

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