Cybersecurity for the CFO: Ransomware and Beyond
Cybercrime increased credits by over 500% during
the pandemic. Many financial leaders are tasked with overseeing computer
security, which is typically outsourced. Recall the maxim, trust but verify. Why do we
not inspect those we pay to manage our cybersecurity? How many backup plans
should we have? Verizon reports that 4 4% of all data breaches by companies
with less than 1,000 employees were caused by malicious employees. How to
test for security? Is insurance enough? What is the ‘worst thing that could happen’
and how to prepare for it? We will review a multistep plan o enhance
your data integrity. Be prepared, because at the end of day you will be held accountable and
responsible for cybersecurity.
Topics Discussed
- Identifying weaknesses within your cybersecurity
- What are some of the more common threats?
- Understand your most vulnerable risk – your employees, including you
- How, where, and how many backup plans
- Is an IT Disaster Recovery plan sufficient?
- The pros and cons of the cloud
- Do we truly understand our cyber-insurance policy?
- The need for a method to shut everything down immediately
- How cybersecurity is not for IT alone, it is crucial for the entire
organization
Objectives: Understanding the risks of cyber-crime from sources; inside the
organization, external, technology or people related. Better understanding of an
organization’s risk profile. How to enhance data security.
Detecting Internal Fraud – Expect the Unexpected
Two-thirds of small businesses will experience some form of employee fraud
according to the Better Business Bureau. 30% of business failures result from
employee fraud. Current estimates indicate businesses lose 5% of their revenues
to occupational fraud. Small businesses incur higher median losses when fraud
occurs. Many businesses do not have adequate controls in place to prevent and
detect fraud, often because of time, staff, or financial constraints. This
session will discuss common frauds and fraudsters and identify realistic ways
for businesses to take steps to prevent becoming the next victim.
Topics Discussed
- Defining the problem – what are the key elements of Occupational Fraud
- Requirements for internal controls - SOX, FCPA, SAS 115 as well as
lenders, investors, regulatory bodies
- How to develop a risk profile for the organization and employees
- Addressing company culture
- Establishing specific controls targeting the business’ risk
- Monitoring the culture, the staff, and the controls for
effectiveness
Objectives: Identifying a business’ fraud risk profile. Creating meaningful
Internal Controls and monitoring those controls.
Mergers and Acquisitions: Tips and Speed Bumps to Avoid
Mergers, acquisitions, and alliances have been — and will continue to be —
major paths to organizational growth and increased competitive advantage.
Despite the great initial promise of many mergers and alliances, few seem to
yield the anticipated results. Numerous studies indicate that between 55% and
77% of mergers fail to accomplish their intended purpose. This course helps
financial professionals, and their advisors identify, execute, and consummate
mergers and acquisitions that create shareholder value while avoiding the many
traps that can cause post-acquisition failure.
Topics Discussed
- Identifying potential acquisition candidates
- Make strategic acquisitions
- Identify and understand company culture
- Understand the keys to effective and efficient due diligence
- Plan and execute an effective integration
- Key considerations
Objectives: Identifying the key considerations when exploring mergers as a
tactic to achieve strategic objectives. Understanding some of the key issues to
consider when utilizing mergers.
Transition Smoothly in Business: Success and Fun in Your New
Role
Every professional will change roles many times. Is your position changing,
e.g., a promotion, a new job, retirement, joining a Board, or a fresh college
graduate? How to transition smoothly and understand those who you will work
with? How do I fit in? How do I learn what to do and what not to do? Do not
forget your life outside of work. It is a job, not there for your personal
convenience to work when you want to. Can you have it all? How do I work with
older/other/younger people? Everyone will move on to new opportunities, this
seminar will prepare you on how to move on and be successful!
Topics Discussed
- What are the two crucial questions to ask when taking on a new role?
- How to check out the new organization and the new manager – before you
start
- Approaches to maintaining professionalism when others do not
- Ways to interact with multiple generations
- Learning to adapt to changing situations
- Techniques to integrate work and social life
- Social media recommendations
Objectives: Learning how to fit in and become productive in a new
environment. Recognize and accept generational differences and how to address
differing lifestyle choices in the workplace.