|[April 07, 2014]
ACCA USA and Pace University Convene Symposium to Address Global Cybercrime Epidemic in Wake of Massive Data Breaches
NEW YORK --(Business Wire)--
Amid increasing cybercrime threats across the globe, ACCA
USA, the US arm of the Association of Chartered Certified
Accountants, and Pace University convened the second annual cybercrime
symposium and panel discussion on Thursday, April 3, 2014.
Hundreds of business and law enforcement professionals, academics,
students, media and members of the public attended the event at Pace
University's Michael Schimmel Center for the Arts for "Cybercrime in the
World Today 2014: Emerging Threats (News - Alert)".
"As our world becomes more connected than ever before, the threat of
cybercrime has become a reality for far too many businesses, governments
and individuals," said Warner Johnston, Head of ACCA USA. "Stronger
connectivity yields greater risks of fraud, theft and abuse, and ACCA is
taking a leading role in promoting cybersecurity awareness among its
members and the general public."
"No question that cybercrime is one of the biggest threats to our
nation's security," said Judge Robert G. M. Keating, Pace's Vice
President for Strategic Initiatives. "As opportunity grows, it will only
Jonathan Hill, Associate Dean at Pace's Seidenberg School of Computer
Science and Information Systems, said while moderating an event panel,
"Accounting staff is the first line of defense in identifying
cybertheft. That may put additional pressure on accountants to shoulder
Added David Szuchman, Executive Assistant District Attorney an Chief of
the Investigation Division at the Manhattan District Attorney's Office,
"As technology becomes increasingly sophisticated, so do the criminals
who use it to take advantage of unsuspecting victims. The Manhattan
District Attorney's Office continues to expand our forensic capabilities
in cybercrime prevention, detection and prosecution, and will continue
to build upon our partnerships with other law enforcement agencies and
private sector stakeholders, including financial and accounting
professionals. This is a threat that we are all facing together and our
success will be measured, not by how many cases we prosecute, but by how
many we prevent."
Panelists discussed data breaches, emerging cyber-terror threats, advice
to protect businesses of all sizes, digital currencies and fraud, risk
management measures and the devolving criminal landscape. You can watch
the video here: http://youtu.be/LifiaNnaxJI
"This is definitely a partnership. The FBI needs to work very closely
with corporate America to develop a program where you feel comfortable
with your own employees," said Charles F. Gilgen, Supervisory Special
Agent, Federal Bureau of Investigation. "The folks in your companies who
are going to be traveling overseas to other companies are vulnerable to
people trying to steal trade secrets from you."
"Everyday people have to understand what the security risks are," said
Bernadette Gleason, North America eCrime Laboratory Manager at Citi. "We
have a responsibility to ensure that they know."
"The weakest part of any security program is people," stated Robert A.
Zandoli, Senior Vice President, Global Chief Information Security
Office, AIG. He predicted steeper corporate investments to combat
cybercrime "because the bad guys continue to invest more. What everyone
has to do is make their enterprise the least likely target."
Panelists additionally predicted the cybercrime portrait will worsen
before it improves. "I think we can also expect an attack on our
utilities," said Vincent Tophoff, Senior Technical Manager,
International Federation of Accountants. "What makes those (attacks)
different is that ordinary people immediately see the results if they
are in the dark for one or two days."
ACCA USA distributed its new report
detailing how skimmer fraud has globally proliferated, as criminal
enterprises employ smaller and more sophisticated skimming with improved
power, memory, communication and encryption.
"Skimmer fraud is a huge problem in the United States and worldwide.
While skimmers have existed for many years and they have advanced quite
considerably over time," said the report's author, Pace University
Professor Darren Hayes, DPS. "Without significant steps being taken to
combat this activity, it's clear that this type of fraud will continue
[ InfoTech Spotlight's Homepage ]