Deepfake fraud is no longer science fiction, it is a daily reality for businesses worldwide. Criminals are using AI to clone voices and faces with frightening accuracy, tricking companies into transferring millions. From a Hong Kong firm losing 25 million US dollars to CFO impersonation, to nearly half of global companies reporting deepfake encounters in 2024, the risks are real and growing. For accountants and auditors, the message is clear: trust can no longer rely on what you see or hear. Stronger controls, skepticism, and professional guidance are essential in this new era where illusion can bankrupt the unprepared.

Cyber threats are on the rise, and accountants—handling sensitive financial data—are prime targets. A single breach could mean financial loss, reputational damage, and legal trouble under POPIA regulations. Is your firm truly protected? This guide will help you assess your cybersecurity risks and use our free checklist to see if you need a paid antivirus solution to safeguard your practice and clients.

Cybersecurity threats are a growing risk for accountants, especially those handling sensitive client data stored on office servers and devices. With cyberattacks targeting businesses of all sizes, a single weak password or unlocked file cabinet can lead to serious consequences. This article highlights practical, simple steps to protect client data, such as strong passwords, encryption, limited access, and regular security checks, helping CIBA members ensure data security while maintaining client trust.