Scam E-mails: How to Protect Your Business against Fraud?

cyber security in accounting

Fraudsters target businesses that work with foreign suppliers or businesses that regularly transfer funds online.

How do they get your details?

They use what is known as “social engineering” and “computer intrusion” techniques e.g. a worm to compromise real business email accounts and then create unauthorised transfers of funds out of the business bank accounts.

Example case

The fraudster emails a phishing document to the intended victim via the address of a legitimate supplier and asks the victim to change the electronic funds transfer detail in relation to the payment of an invoice.  This request tricks the victim into clicking a malicious link that downloads malware onto the victim’s computer and allows the fraudster to gain unrestricted access to personally identifiable information, including bank account details and passwords.  The fraudster uses this data to authorise electronic payments from the victim’s bank account.

Similar cases involve the fraudster using Read more

Posted on September 29, 2016 by Paul Leonard

BREXIT Implications For Business

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It is too early to be sure what the implications will be as, despite the referendum result, Britain has yet to activate Article 50 of the Lisbon Treaty. Once activated, it will take up to an additional two years to complete the negotiations for exit. There will be a lot of politics going on behind closed doors and what is reported publicly may not be the whole story, and indeed there is a slim chance GB may not activate Article 50.

It is prudent to have contingency plans in place for any areas relevant to your business. The following Read more

Posted on August 16, 2016 by Nigel Mayberry

6 Top Tips On Getting Ready For Exams

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As the exam date approaches, you know how important it is to use your time wisely so that you are in a strong position to pass your exams. 

Here are 6 tips to help you get through any exam:

  1. List all the key areas that you need to complete in order to fully prepare for your exam. Be specific in your study; concentrate on the things which seem to be most important.
  • Note items that the lecturer emphasised in class.
  • Note homework problems that are assigned.
  1. Do not stop with just “getting the idea.”  Be sure that you can work problems without the aid of the book.  Practice practice practice.
  1. The questions on exams are designed to test your ability to reason and understand rather than your ability to memorise so ensure you fully understand the topics. Have your “hows” and “whys” at your fingertips.

Read more

Posted on June 30, 2016 by Lisa Byrne

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