Cybersecurity in Finance: Understanding Third-Party Risk Management

Demi Ben-Ari, CTO and Co-founder of Panoways, breaks down the critical cybersecurity concerns for finance professionals, from third-party risk management to AI security implications. Drawing from his background in the Israeli Air Force and maritime analytics, Demi explains how companies can build effective cybersecurity programs and why firms should prepare for upcoming AI regulations. The conversation explores both internal cybersecurity protocols and external advisory opportunities, offering finance professionals a roadmap for navigating an increasingly complex security landscape.(00:00) - Welcome to Accounting Intelligence (00:46) - Guest Introduction: Demi's Background (02:26) - Founding Panoways and Cybersecurity Risk Management (04:03) - Importance of Third-Party Relationships (05:32) - Financial Audits and Cybersecurity (08:41) - Cyber Selfies and Social Media Presence (11:15) - Internal Cybersecurity Concerns for Finance Professionals (12:35) - Data Privacy Regulations in the US and Europe (13:44) - Supply Chain and Third-Party Risk Management (23:06) - AI in Cybersecurity Audits (28:46) - Cost-Saving Practices in Cybersecurity (29:27) - Risks of Shared Accounts (31:18) - The Role of AI in Financial Reporting (32:09) - Human vs. Software in Compliance (36:32) - Continuous Monitoring and Risk Management (38:01) - Building Cybersecurity Practices in Firms (40:19) - Implementing Third-Party Risk Management (51:19) - Future of AI in Risk Assessment (52:57) - Final Thoughts and Takeaways Learn more about Panowayshttps://panorays.com/Connect with Demihttps://il.linkedin.com/in/demibenariLearn more about Trullionhttps://trullion.comConnect with Isaac Hellerhttps://www.linkedin.com/in/isaachellerGet NASBA Approved CPE or IRS Approved CELaunch the course on Earmark to get free CPE/CE for listening to this episode.ReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the AI: Accounting Intelligence podcast in your favorite podcast app!This podcast is a production of the Earmark Media

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