Cyber incidents can have a significant impact on a small and medium-sized enterprise (SME)'s ability to do business and cause major financial loss. It is crucial that SMEs identify and mitigate those risks in a context where our economies are increasingly digitalised. SMEs’ accountants are their trusted advisors and can play a key role in mitigating SMEs’ cyber risk. The paper includes a checklist for accountants to improve SMEs’ cyber resilience. The checklist can serve as a basis for a discussion or initial assessment of the client’s cyber resilience. Accounting practices themselves can also use this tool to assess their own cyber resilience.
Protecting your ideas
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This paper by Accountancy Europe explains why and how SMEs should consider and mitigate cyber risks and how the SME’s accountant can best support them.