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Fighting Cybercrime With Cyberaccounting

By Sharon L. Levin and Bruce DeGrazia
December 01, 2023

As cybercrime intensifies, it is revealing a skills shortfall among those who defend our financial infrastructure. It has become critically clear that we need to radically rethink the way we prepare our frontline defense to include more experts with both technical savvy and accounting expertise.

In other words, we need an army of cyber accountants.

Cyberattacks cost organizations and businesses billions of dollars each year and frequently expose the confidential information of millions of customers and clients. During the last five years, monetary damages in the United States totaled $27.6 billion, with the tally increasing a whopping 49% from 2021 to 2022 alone. Complaints to the U.S. government's Internet Crime Complaint Center (IC3) have skyrocketed, rising 128% (IC3, 2023).

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