FP&A

Cyber-crime white paper

Cyber-crime and ransomware attacks are an ever-increasing threat. Business leaders must prioritise defending against and preparing for a cyber-attack or the costs can be catastrophic, but how can businesses best protect themselves and their customers?‍

‘As cyber-crime increases, are we protecting the right things on the risk register?’

There is no doubt that cyber-crime and ransomware attacks are on the rise. Businesses are being forced to rapidly adapt to remote working. For many, moving systems and processes online has significantly increased their security vulnerabilities. These lowered defences, and the opportunistic behaviour of hackers, has caused attacks to soar over the last 2 years.

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‍This paper has been produced following a roundtable discussion attended by representatives from industry, accounting firms, accounting bodies and financial journals and is primarily focused on the UK market.