Risk management and fraud news from around the web: July 24 – 28, 2023

Cybersecurity for CPAs: When you are the data breach 
Between data breaches, phishing attacks and malware, criminals are increasingly going after the sensitive financial data held by accountants. The modern accountant, then, must take their cyber defenses seriously for the sake of themselves and their clients. 

Risk assessment vs. threat modeling: What's the difference? 
Risk assessments and threat modeling each address potential risks. But they play distinct roles in how they help companies protect systems and data. 

Leveraging financial crime risk assessment: Driving optimization, customer satisfaction and competitive advantage 
The significance of financial crime risk assessment extends beyond regulatory compliance. It is a strategic instrument that can optimize key financial crime processes, improve customer satisfaction, and carve out a competitive advantage for an organization. 

How to maximize ROI and improve third-party security risk management 
Few organizations have evolved their third-party security risk management programs to address today’s challenges. To help clarify what’s wrong with existing solutions and explain how to maximize solution ROI, check out this helpful guide.