Forensic Accounting:Cyber Security and Forensic Accounting in Combating Criminals using Artificial Intelligence-A Forward Analysis

  • Unique Paper ID: 173142
  • Volume: 11
  • Issue: 9
  • PageNo: 2294-2297
  • Abstract:
  • As cyberattacks have become more sophisticated, emergence of improved skills, accounting practice, leveraging advanced technology is the need of the hour due to increasing number of criminal cases for uncovering truths against the manipulation of digital and financial records. Digitalization is a boon to mankind but when data is breached the aftermath of breach often requires forensic accounting to quantify financial damages using advanced digital tools that are crucial for retrieving financial evidence hidden in electronic systems. Forensic accountants and cybersecurity cell intersect in the realm of financial investigation to uncover fraud, embezzlement, protect sensitive data and investigate cyber-crimes and other financial misconduct. As financial systems increasingly rely on digital platforms forensic accountants need cybersecurity skills for key overlaps like Data breaches and financial fraud, Digital forensics, Preventing insider threats, blockchain and cryptocurrency fraud. Artificial Intelligence enhance both security measures and sophistication of cyberattacks. AI systems analyze vast data to detect anomalies, identify malware, detect insider threats through AI powered tools like Darktrace and CrowdStrike. There is a huge development in field of certifications and learning sources to work at the intersection of AI and cybersecurity like Certified Artificial Intelligence Practitioner (CAIP), Certified Information Systems Security Professional (CISSP), AI in Cybersecurity Specializations. It has been suggested that Forensic accountants and cybersecurity experts using AI tools be made mandatory in public sectors and large-scale undertakings for their motive of prevention and detection of frauds.

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