Question

Do the advances in technology allow for an increased number of assets to be subject to misappropriation of assets?

Answer 1

There has been a remarkable advancement in technology and developement of softwares that help the accounting process of an organisation immensely . The recent business enterprises rely a great deal upon these technologies to provide an accurate , comparable and authentic information about their own enterprise however this technology  had immensely made it hard to find the fault in the system as the higher there is dependence on technology for appropriation of asset and other accounting tasks , the higher is the challenge to find faults within the system .

Further complicating matters, businesses’ embrace of digitization to better serve their always-connected customers has resulted in the emergence of new threats. Fileless malware enables easier, harder-to-detect access to sensitive customer information. The rapid transmission of information through hyper-efficient online payment methods creates openings for insiders to gain unauthorized access to funds – underscoring the need for real-time transaction monitoring.

Given that insider attackers are taking advantage of their trusted access to data – and not trying to hack into databases and file shares – it’s all the more essential for companies to deploy autonomous anti-fraud technologies that act against any internal threats in cases when controls are sidestepped and privileged access is abused. By monitoring and securing payments along the entire length of their transaction journey, these technologies protect businesses’ sensitive customer data and finances allowing organizations to gain in-depth visibility into the security and vulnerability of their assets. These technologies help organizations pre-emptively stop fraudsters in their tracks – rather than suffering through months or even years of revenue loss and internal subversion.

Thus it can be understood that however the technology has made it easier for the business's to record and evalaute their transactions it had also led to misappropriation of assets that are even more difficult to detect

Therefore YES the advances in technology allow for an increased number of assets to be subject to misappropriation of assets