The UK’s leading accounting and security organizations are partnering to launch a new taskforce aimed at improving the security of corporate finance deals. The Institute of Chartered Accountants in England and Wales (ICAEW) is leading the initiative in collaboration with the National Cyber Security Centre (NCSC). Other organizations from the banking, law, and consulting sectors are also involved in the taskforce. The taskforce will publish new guidance to advise companies on mitigating cyber-risk during corporate finance transactions. The guidance will cover topics such as building resilience against cyber-attacks, protecting sensitive data, and responding to breaches. ICAEW CEO, Michael Izza, emphasizes the importance of taking preventative action against cyber threats, while NCSC deputy director for economy and society, Sarah Lyons, highlights the need for increased cyber resilience in the accounting sector.
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