Nov 29, 2023
A single cybersecurity breach can cost millions of dollars, so it’s critical that companies take a proactive approach and commit to shoring up their defences by making informed decisions and investments. An updated CGMA cybersecurity tool provides a place to start.
Ken Witt, CPA, CGMA, AICPA & CIMA's associate director–Management Accounting Research and Development, joins the FM podcast to discuss the latest trends in cybersecurity and share details about what the recently released tool offers organisations of all sizes.
What you’ll learn from this episode:
· How digitalisation sped up by the pandemic has accelerated cyber risk.
· The stunning price tag of a security breach and the areas that are most vulnerable to breaches.
· The unique challenges facing small entities, and a small step they can take to combat their concerns.
· Top “amplifiers” and “mitigators” that finance decision-makers should keep in mind.
· How the CGMA cybersecurity tool can help IT pros and non-IT stakeholders alike.