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Cyber security

Cybercrime and threats to computer systems have become a major concern of businesses around the world. Our growing reliance on IT and the internet has greatly increased the impact of hacking, security failures and the loss of systems. At the same time, cyber attackers have become more sophisticated and organised. How worried should businesses be? And what are the main steps they should be taking? This resource centre provides a focal point for ICAEW members looking for support in managing cyber risks.

In this section

Features and articles

Building up cyber security

Cyber security is an ever-increasing issue for businesses. Following the launch of the ICAEW Corporate Finance Faculty’s guide on cyber security in M&A, Marc Mullen looks at where advisers can help.

Cyber round-up: March 2024

This month we look at what can be learned from state-sponsored cyber attacks, how to avoid falling victim to increasingly sophisticated account takeover scams, and the ICO guidance on levels of fines for data breaches.

Faculty news: March 2024

The latest from ICAEW’s centre of professional expertise in corporate finance, including the launch of the faculty’s cyber security guide, a new member firm, a call for comment on two consultations, plus forthcoming events.

IFRS 15 Revenue from contracts with customers

IFRS 15 Revenue from Contracts with Customers sets out the principles for when revenue should be recognised and how it should be measured, together with related disclosures. This factsheet answers some key frequently asked questions about the standard.

Finance in a digital world

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Webinars and recordings

Why cyber security makes good business sense

This webinar provides an opportunity to hear first-hand from the City of London Police what they are seeing on the ground in relation to cyber attacks on small and medium sized businesses.

Disclaimer: The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.

The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of membership. If you are unable to access an article, please see our Help and support or contact library@icaew.com

Generating risk: New exposures from ChatGPT and other AI tools

The article focuses on the growing integration of generative artificial intelligence (AI) tools like ChatGPT into company workflows, with many employees already using them without clear policies. Topics discussed include the widespread use of ChatGPT by staff, potential risks such as data security concerns, and the need for organizations to develop customized policies, education, and awareness to effectively manage the use of generative AI tools.

The data-driven supply chain raises new governance and security issues

The article highlights the importance of data management and security in today's digital supply chain, where every enterprise is considered a "data enterprise." As companies transition to digitally integrated supply chains, they must prioritize data stewardship, embed data governance and security into their operations, and adapt to changing practices and regulations.

Hackers: we won't let AI get the better of us

The article discusses how artificial intelligence (AI) is impacting ethical hackers' work. It discusses AI can disrupt certain aspects of penetration testing and bug bounty programs; the hacking community believes that AI will never be able to replicate the creative thinking essential for ethical hacking; the use of generative AI by hackers, demographic shifts among hackers; and how the younger generation's different perspective on technology is influencing the cyber landscape.

Getting data sorted

The article focuses on data classification as a pre-requisite for data protection, security, and compliance, and it explores the tools available for data classification, including offerings from major tech companies as well as open-source options. It mentions these tools use machine learning and artificial intelligence to automate data classification, ensuring accurate data management and governance.

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10 steps to cyber security

Guidance on how organisations can protect themselves in cyberspace, including the 10 steps to cyber security, an introduction to cyber security for executive/board-level staff and an explaination of what a common cyber attack looks like, and how attackers execute them.

A practical guide to IT security

Guidance from the Information Commissioner's Office (ICO) which gives advice for small businesses on how to keep IT systems safe and secure.

Be cyber aware

Government campaign to raise cyber security awareness. Gives advice on: protecting your device; protecting your data; and protecting your business.

Cloud security guide for SMEs

Guidance from ENISA on the security risks and opportunities of cloud services for SMEs. Includes forms for assessing risks and opportunities and collecting relevant information about the security aspects of a cloud service.

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Cyber security

This resource centre provides a focal point for ICAEW members looking for support in managing cyber risks.

* Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.