Barclays and ACCA teamed up to alert accountants to cybersecurity threats at Accountex.
In today’s digital age, people are increasingly carrying out their daily tasks and choosing to transact online. Therefore, it is critical that businesses recognise the threat cybercrime poses and take the necessary measures to ensure the continuity of service while maintaining security and building trust with their customers.
This requires on-going investment to ensure internal systems and processes remain robust and secure as well as a focus on supporting and educating customers to help them protect themselves from potential cyber-attacks.
We also recognise the shared benefits of coming together as an industry to strengthen our cyber resilience - which is why we were delighted to support ACCA by running a session in its lecture theatre at the Accountex exhibition which shone a light on this important issue.
Graeme Brand, Barclays Business Digital Eagle, joined ACCA’s Jason Piper to run an interactive and practical session which was extremely well received by delegates. The session educated and made people aware of the threats they face in their business on a daily basis, using practical demonstrations to really bring it to life and highlight the techniques that fraudsters are using including social engineering.
Graeme provided an example of how easy it is using social media channels to form a spear-phishing email attack and reiterated the importance of everyone having a good knowledge of what information is in the public domain that fraudsters could use to help build a profile on you which makes targeting without suspicion more likely. Other useful tips included:
being vigilant when clicking on links and downloading attachments from emails
the importance of good password hygiene and never disclosing your passwords to anyone, no matter who they are
check a website is secure before you enter any account or card details. Look for the ‘https’ at the start of the web address and the padlock or unbroken key icon next to the address bar.
Barclays’ partnership with ACCA is part of the bank’s commitment to protect its customers by raising awareness of the importance of cybersecurity and the impact of cybercrime.
Since 2014, Barclays has provided free training to anyone who needs help with using technology through their Digital Eagles, in-branch staff who provide free digital support to customers and non-customers. This training includes how to stay safe online.
Earlier this year, Barclays ran a new TV ad to help people understand how they could protect themselves from falling victim to fraud. It has also partnered with the government by being part of the UK’s new joint fraud taskforce. We are also hosting a series of events specifically for businesses providing guidance on how they can protect themselves from cybercrime.
Adam Rowse, head of business banking at Barclays, says: ‘Businesses must recognise the threat that cybercrime can pose to them, their reputation and subsequently their bottom line. With the number of customers going online rapidly rising the issue of cyber security has never been more important. Companies need to consider cyber security as critical to their business operation as cost or cash flow.
‘Some of the actions that businesses can take to get cyber-smart include creating a cybersecurity strategy, raising awareness amongst staff of the common cons used to commit cybercrime, installing software that keeps them and their customers’ details safe and keeping all software up to date.
‘We were delighted to join forces with ACCA at Accountex to help educate accountants on this important issue as they have a key role to play in making their clients aware of the risks and impacts of cybercrime.’
Graeme Brand, Barclays Business Digital Eagle, speaking in ACCA's theatre at Accountex