Month: August 2023

August 31, 2023

Beware: Voice Deepfakes Pose a Threat to Your Financial Security

The emergence of deepfake technology has raised concerns across various domains, and now, financial security is under threat as voice deepfakes become increasingly sophisticated. Voice deepfakes, which replicate an individual’s voice with remarkable accuracy, can potentially be exploited by cybercriminals to gain unauthorized access to sensitive financial accounts. This article delves into the risks associated with voice deepfakes, their potential impact on financial security, and […]

August 25, 2023

Learn More About Methods of Cost Allocation

Several methods are used for cost allocation, each suited to different scenarios and cost objects: Direct allocation assigns the entire cost of a particular cost item to a single cost object. For example, if a specific department incurs a unique expense that benefits only that department, the entire cost is directly allocated to that department. In step-down allocation, costs are sequentially allocated from one cost […]

August 15, 2023

How SMBs Can Use Consumer Price Index (CPI) Data

The Consumer Price Index (CPI) is a vital economic indicator that measures changes in the average prices of goods and services purchased by households. For small and medium-sized businesses (SMBs), CPI data can be a valuable resource in making informed decisions and staying ahead in an ever-changing economic landscape. In this article, we will explore how SMBs can leverage CPI data to their advantage. CPI […]

August 1, 2023

Defending Against Business Email Compromise Scams: A Comprehensive Guide for Businesses

In today’s digital landscape, businesses face numerous cybersecurity threats, with one of the most prevalent being Business Email Compromise (BEC) scams. BEC scams involve cybercriminals impersonating trusted entities to deceive employees into transferring funds, divulging sensitive information, or carrying out other fraudulent activities. These scams can lead to significant financial losses and reputational damage for businesses. However, with the right strategies and awareness, businesses can […]