Lesson 87 - Advanced Accounting Course

Lesson 87: Cyber Threats and AI-Based Security Measures

💻 What Are Cyber Threats?

Cyber threats are malicious attempts to steal, damage, or misuse digital data, especially in systems related to finance, accounting, and business operations.

Common attackers include:

• 🧑‍💻 Hackers
  
  

• 🕵️‍♂️ Spies
  
  

• 👻 Malware bots
  
  

• 💼 Even insiders (employees)
  
  

These threats can target:

• Financial records 📊
  
  

• Bank accounts 💳
  
  

• Personal customer data 🧑
  
  

• Internal company systems 🏢

⚠️ Common Types of Cyber Threats in Finance

🤖 How Can AI Help Protect Against These Threats?

AI (Artificial Intelligence) and Machine Learning (ML) can help monitor, detect, and stop cyber threats in real-time.

They work like smart guards that:

• 🧠 Learn from past attacks
  
  

• 🔍 Spot unusual behavior instantly
  
  

• ⚡ React faster than humans
  
  

• 🔐 Strengthen defense systems automatically

🧰 AI-Based Security Measures

🧠 Real-World Example

A bank uses AI-powered software to monitor login activity.
It notices a user logging in from two different countries in one hour.
The AI system blocks the account and sends an alert — stopping a fraud attempt immediately. ✅

🔍 Cybersecurity in Accounting

For accountants and financial professionals, AI helps:

• Protect sensitive financial records 📂
  
  

• Ensure secure cloud accounting platforms ☁️
  
  

• Detect fraudulent journal entries or irregular transactions 🧾
  
  

• Maintain SOX and GDPR compliance 🔍

📊 Comparison: Traditional vs. AI-Based Cybersecurity

✅ Summary

• Cyber threats are growing risks in finance 🛑
  
  

• AI offers fast, smart, and proactive protection 🛡️
  
  

• Tools like anomaly detection, biometrics, and smart firewalls are becoming standard
  
  

• Financial systems must combine human oversight + AI tools for maximum safety 🤝