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Pace University, ACCA USA, to Train Finance Professionals to Stymie Cyberattacks this Summer

07/17/2017

Pace University, ACCA USA, to Train Finance Professionals to Stymie Cyberattacks this Summer

New York, N.Y. –ACCA USA (the Association of Chartered Certified Accountants), the global body for professional accountants, and the Seidenberg School of Computer Science and Information Systems at Pace University in New York, a National Security Agency and Department of Homeland Security-certified Center of Academic Excellence in Information Assurance Education, today unveiled their first-ever cyberdefense course.

The course—which will be held on August 4 at Pace in Lower Manhattan—will provide professional development credits to accountants and other finance industry professionals. It was designed in the wake of an increasing pattern of cyberattacks that have struck private and public entities here in the United States and abroad.

“ACCA understands the challenges that accountants face and is determined to provide them with the necessary knowledge and training to address these cyber-challenges. Accountants and finance professionals are on the frontlines of this cyberbattle, and need to be armed with the latest information,” said Warner Johnston, Head of ACCA USA. “We are proud to collaborate with Pace University on this timely and crucial course, and expect that enrolees will leave better equipped to prevent and address cyberattacks.”

“The threat from cybercrime and hackers has only increased over time” said Jonathan Hill, Dean of the Seidenberg School of Computer Science and Information Systems at Pace University. “The ACCA has been a particularly adept partner in educating financial professionals and the at-risk accounting and CPA professional communities on coping with these threats. This program is specifically designed for these financial professionals to build awareness and tools to protect themselves, their firms and their clients from the ravages of cybercrime.”

The course—Foundations of Cyber Defense for Accounting—will include content on: information security law; effective incident response; risk management, including security metrics; encryption and best practices for protecting data; and, building an insider threat program.

Anyone interested in enrolling should visit https://www.eventbrite.com/e/best-practices-in-cybersecurity-for-professional-accountants-tickets-35677991834. Inquiries can be directed to DJ McErlean-Hopson at acca.usa@accaglobal.com.

ACCA and Pace planned the course amid a troubling global crisis: cybercrime. The financial hit on business can be troubling: An IBM report last year found the cost of a breach rose to $4 million per incident. Earlier this year, Home Depot agreed to pay more than $27 million to financial institutions affected by its 2014 data breach, and court documents reportedly identified the total cost to Home Depot at $179 million.

In February 2016, ACCA reported that cybercrime was growing too dangerous and powerful to ignore, and a head-in-the-sand attitude to this once nascent, now pervasive threat was no longer an option. In the report, “Cybersecurity – Fighting Crime’s Enfant Terrible”, ACCA and IMA® (Institute of Management Accountants) reported that the theft of financial assets through cyber-intrusions was the second largest source of direct loss from cybercrime.

Several months earlier, ACCA issued a report, “Cyberwarriors with Calculators”, in partnership with Pace University, revealing that top-level managers in the finance industry are adapting to address cybercrime threats. The survey of ACCA professionals, including Chief Financial Officers, Managing Directors, Senior Vice Presidents and practicing accountants, found weak communication between line managers and senior managers about attacks and attempted attacks, and that the application of fundamental risk management cybersecurity practices should be applied more consistently throughout firms.

In another report, ACCA and Pace also delved more deeply into the growing number of incidents involving skimming devices, which rip off consumers at gas pumps and ATMs. A skimmer is an electronic device used to read and store electronic data. The new research focused on devices that read and recorded data from consumer payment cards, such as ATM, credit, debit, prepaid and electronic gift cards.

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. We support our 188,000 members and 480,000 students in 181 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of 95 offices and centres and more than 7,110 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence. www.accaglobal.com

About Pace University: Since 1906, Pace has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in Lower Manhattan and Westchester County, NY, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, Elisabeth Haub School of Law, and Seidenberg School of Computer Science and Information Systems. A 2017 study by the Equality of Opportunity Project finds that Pace graduates are out-earning their parents and peers, bucking a nationwide trend for millennials. www.pace.edu

About the Seidenberg School of Computer Science and Information Systems at Pace University

Since 1906, Pace has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. The Seidenberg School of Computer Science and Information Systems at Pace University prepares men and women for professional work, research, and lifelong participation in a new and dynamic information age.  Located in the financial capital of the world, the Seidenberg School offers a wide variety of courses and exposure to internships and work with leading corporations, banks, federal agencies, and global entities.  Degrees and certificates are conveniently available on Pace’s campuses in New York City and Westchester County as well as online and in special programs. http://www.pace.edu/seidenberg/

Contact: ACCA: Jaime Williams, Jaime@anatgerstein.com, 718-793-2211

              Pace: Bill Caldwell, wcaldwell@pace.edu, 212-346-1597

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Bravo: "James Lipton Gushes About Inside the Actors Studio's 'Milestone' 20th Emmy Nomination"

07/13/2017

Bravo: "James Lipton Gushes About Inside the Actors Studio's 'Milestone' 20th Emmy Nomination"

Inside the Actors Studio earned its 20th Emmy nomination Thursday, and James Lipton couldn't be more proud of the series. “Nominated for the 20th time, how can I begin to express my gratitude and excitement?” the host and executive producer of Inside the Actors Studio told The Daily Dish in a statement. “It is a milestone for which we have our distinguished guests to thank. This remarkable moment is dedicated to them, the artists, and to the dreamers – the students of our Actors Studio Drama School at Pace University.”

Read more here.

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Politico: "QUOTE OF THE DAY"

07/13/2017

Politico: "QUOTE OF THE DAY"

“The underlying message of President Trump’s first Executive Budget is clear: The federal government is no longer interested in helping young people finance a college degree as they seek to build a bright and prosperous future.” Pace University President Stephen Friedman, writing for The Hill. Read more here.

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MarketWatch: "Donald Trump Jr.’s email scandal is a lesson for every American worker"

07/12/2017

MarketWatch: "Donald Trump Jr.’s email scandal is a lesson for every American worker"

Would you like the world to know your private thoughts? Write them in an email.

Donald Trump Jr. released a chain of emails on Tuesday revealing his plans to meet a Russian lawyer last June with potentially damaging information on Hillary Clinton, who was running against his father in the U.S. presidential election. “If it’s what you say, I love it,” Trump Jr. wrote. He tweeted the email chain after The New York Times said it had seen the emails and contacted the U.S. president’s son for comment ahead of its own story. The email chain with publicist Rob Goldstone stated the Russian government had details that would incriminate Clinton.

This is the latest revelation concerning President Trump’s campaign and the role the Russian government may have played in last year’s presidential election, but it’s also another timely reminder that emails are anything but private. They can be shared, hacked, captured in a screen grab on your smartphone or simply shown to a third party. While companies keep the contents of emails private and aggregate user data anonymously for advertising purposes, we should all be careful what we put in our emails.

But you don’t need to be a public figure to have your emails exposed, especially if they are written on a work email. “The painful lesson is nothing communicated online is really private,” says Jonathan Bernstein, president of public relations consultancy Bernstein Crisis Management. The easiest and, often, most common way for private emails to go viral: The recipient takes a screen-grab and posts them online. “It can be forced into the open by legal disclosure. A trusted contact one day can be a disgruntled employee or former lover the next.”

The U.S. Constitution protects individuals against abuses by the government, says Darren Hayes, assistant professor at Pace University’s Seidenberg School of Computer Science and Information Systems, but there’s not a lot of protection of data collected on individuals. Most U.S. privacy regulation is based on self-regulation, he says, where companies dictate their own policies on handling employee and customer privacy. In Europe, there are stricter government rules about collecting and using personal data. “We are sometimes at the mercy of IT department and the retention policy for their email server.”

Read more here.

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Politico: "Charters move closer to new teacher-certification rules, worrying education schools"

07/11/2017

Politico: "Charters move closer to new teacher-certification rules, worrying education schools"

. . . Peter McDermott, the chair of Pace’s School of Education, dismissed the new rules as a matter of “convenience” rather than practice for charter teachers, and one that could exacerbate the problem of the city’s least experienced teachers being placed in the poorest schools.

Read more here.

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The Hill's Pundits Blog: "President Trump: Cutting financial aid won’t Make America Great Again"

07/10/2017

The Hill's Pundits Blog: "President Trump: Cutting financial aid won’t Make America Great Again"

"Despite a strengthening national economy, President Donald J. Trump’s just-released budget proposal paints a bleak picture for anyone aspiring to earn a college degree, build a successful career, and realize the American Dream," writes Stephen J. Friedman, president of Pace University.

"Not only does it propose a staggering $150 billion in federal cuts to financial aid programs, practically obliterating programs that have made college access possible for hundreds of millions of young people from middle and lower income families.

"The number and scope of education programs affected is startling and the impact students, prospective students, and the schools themselves will feel if these cuts are adopted is devastating.

Read more here.

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Tribeca Trib: "For Seniors: Pace U. Offers Talks & Resources"

07/10/2017

Tribeca Trib: "For Seniors: Pace U. Offers Talks & Resources"

One of the longest-running—and liveliest—programs for older adults is Pace University’s Adult Resource Center (PARC), designed for individuals 55 years or older. Registration begins this month, and is $100 for one year. All activities take place at the school at 1 Pace Plaza, east of City Hall Park.

Membership includes:

"Coffee and Culture Lecture Series," with talks by Pace University professors.  (One talk in the series is by a “Laughter Yoga” instructor.) The series takes place at from 11 a.m. to noon, and starts in September. Light refreshments are served.

Use of Pace's library, computer labs and cafeterias.

Computer training courses

Sponsored events such as films, tours and performing arts programs

Call Joy Yagman at 212-346-1244 for information or register at www.pace.edu/PARC

http://www.tribecatrib.com/content/seniors-pace-u-offers-talks-resources

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U.S. News & World Report: "Choose the Right Online Program in Project Management"

07/10/2017

U.S. News & World Report: "Choose the Right Online Program in Project Management"

(Photo: andresr/Getty Images)

• Online courses for project management certification: Many of those who have full-time jobs as project managers also pursue certification. The Project Management Institute currently serves as the primary global provider of these credentials.

The most well-known PMI certification is the Project Management Professional, or PMP, says Brian A. Weiss, vice president of practitioner career development at PMI. Earning a certification is a requirement for certain jobs and can lead to higher salaries, Weiss says.

PMI offers online exam prep courses, particularly for the Certified Associate in Project Management certification, as do some universities. For example, Pace University in New York has a PMP exam certification prep course that costs about $1,800 and takes a few months to complete.

Read more here.

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Monster: "It's Time to Fortify your Staffing Firm's Cybersecurity"

07/10/2017

Monster: "It's Time to Fortify your Staffing Firm's Cybersecurity"

As a staffing firm executive, all of your energies are focused on matching clients with great talent. But then the unnerving news headlines catch your eye: ransomware attacks like May’s WannaCry and June’s Petya hit thousands of organizations, with direct and indirect costs often reaching six or seven figures per company.

Unfortunately, most businesses, regardless of industry, are hit by one sort of cyberattack or another. Not surprisingly, the threat has increased demand for cybersecurity hiring.

Where do you begin to build cybersecurity for your staffing company? And how can you enhance your existing measures against the advancing threat? Here are some guiding principles to protect your staffing company.

Recognize that your staffing firm holds sensitive data. In addition to internal company data, your firm’s strategic assets include confidential data on both client companies and job candidates. Bad actors may be tempted to try to steal that data and exploit it for any number of purposes.

“You can tell a lot about a person from their resume,” says Darren Hayes, an assistant professor at Pace University's Seidenberg School of Computer Science and Information Systems in New York. “You may find their email address, Social Security number, skills set.”

Read more here.

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The Hill's Pundits Blog: "UN nuclear weapons treaty takes most significant step since Cold War"

07/10/2017

The Hill's Pundits Blog: "UN nuclear weapons treaty takes most significant step since Cold War"

"As Americans consider how to respond to times of increasing nuclear tensions, the nuclear weapons ban prompts us to ask different questions than our politicians and generals have traditionally focused on," writes Matthew Bolton, Ph.D., associate professor of political science at Pace University and director of its International Disarmament Institute. "Rather than asking only whether other countries’ nuclear arsenals pose a national security threat or whether missile defense systems work, the ban treaty focuses our attention on the humanitarian, human rights, and environmental dimensions of nuclear weapons."

Read more here.

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