The connection between IT security and chartered accountancy

chartered accountant computer infected with ransomware

Thank you for stopping by Swapnil.io site that used to be Swanil’s Patni’s blog. The blog has been moved to another domain, therefore this site no longer functions as Swapnil’s website. However, keeping in mind that the blogger has been giving classes for those who are studying the Chartered Accountancy Course since 2010, we will try to keep this site informative enough and help visitors of this domain improve their knowledge regarding online security.

It goes without saying that chartered accountants and computers are inextricably linked one to each other; people in this profession use computers on a daily basis and usually store immeasurable amounts of valuable data on them. In fact, such data is so valuable that some companies could not allow themselves losing it. Accountants are the people who work with sensitive information on a daily basis, and it is extremely important to educate them how could they avoid potential risks that could put company’s databases at risk.

Nowadays hackers are much more advanced than they were in 2010. They rely only on advanced social engineering tricks while trying to convince people into opening malicious URLs or downloading infected email attachments to their computers. As a rule, these attachments are used to carry a malicious payload, virus installers, and similar components that are supposed to initiate additional changes on victim’s computer. What is more, attackers might also send Trojans with keystroke logging capabilities, that can track them for specific amount of time and cause such issues as identity theft or the loss of banking information. Clearly, the consequences of such attacks can be disastrous – company’s files, databases, and other relevant files can be encrypted and held until the ransom is paid.

At the moment, big companies should be especially careful with ransomware viruses. These threats are capable of infecting systems with an intension to encrypt their files and make them to pay hundreds of dollars. The ransom is usually paid in bitcoins via anonymous networks, so at the moment there is almost no way to catch these criminals. In the worst case scenario, such virus can encrypt the entire network and every single file which is kept on it. If the company does not have backups, it can be doomed to pay the ransom. Needless to say that hackers require thousands of dollars.

As we have already mentioned, in most of the cases, the latest attacks are aimed at employees of large companies. Therefore, we believe that those who are willing to become professional chartered accountants should be interested in IT security and the latest threats aiming at them. We believe that this topic hasn’t been covered in Swapnil Patil’s classes properly. For this reason, we highly recommend visiting such websites like NoVirus.uk. This site provides the latest IT security news, tips, and opinions as well as easy-to-follow spyware and malware removal guides.