Non-compete agreements have long been used to bar employees from working for competitors or using sensitive information to kickstart competing organizations. A new ruling from the Federal Trade Commission has banned these agreements nationwide. The ruling will go into effect in late August, preventing companies from enforcing existing agreements with the vast majority of workers. […]

Business fraud costs organizations billions of dollars every year. While employees are often at the heart of these losses due to cybercrime schemes such as phishing and identity theft, 17% of all business fraud is due to expense reimbursements. Many large corporations give commercial credit cards to their employees to allow them to make purchases […]

In this episode of Risky Records, I spoke with the Editor-in-Chief of Accounting Today, Dan Hood, to get his perspective on the technology risk environment that accountants work in today. (Read to the end to see Dan’s album recommendation. Emerging technology risks for accountants The technological breakthroughs of the past few years, including remote work […]

The US experienced more data breaches in 2023 than in 2022 before the year even came to a close. USA Today predicts that this number will continue to climb and that by 2031 “attacks on businesses, consumers, governments and devices will happen every two seconds.” This significant increase indicates that cybercriminals are using every tool […]

What the Corporate Transparency Act and its Recent Legal Developments Mean for Your Business What is the Corporate Transparency Act (CTA)? The Corporate Transparency Act (CTA) was a part of a much larger raft of bills that became law in 2021. As of January 1st, 2024, a vital component of the CTA became active, the […]

2022 was a challenging year for the cryptocurrency (aka crypto) industry, caused by the collapse of the cryptocurrency exchange FTX (the third-largest crypto exchange at the time). The result has been a shift in the cryptocurrency industry, with newly minted crypto millionaires facing sudden losses. Many have had to sell their cryptocurrencies at a lower […]

It’s become all too regular an occurrence for the Internal Revenue Service (IRS) to warn taxpayers of a new scam. Thousands of taxpaying citizens have lost millions of dollars through scams, with new schemes appearing as quickly as people can be made aware of them. The solution? Taxpayers have to be aware of how the […]

According to the Internal Revenue Service (IRS), Americans didn’t pay $688 billion in taxes on their 2021 returns—highlighting an increase of more than $138 billion from 2017-2019 estimates. To address this ‘tax gap,’ the IRS is taking new actions such as increasing auditing and capitalizing on new laws such as the Corporate Transparency Act (CTA). […]

What is a data breach? Data breaches are unauthorized access to and theft of sensitive data by cybercriminals. Bad actors may gain entry to an organization’s store of customer data through various techniques, including brute force attacks, phishing, or social engineering schemes. Ransomware attacks may encrypt sensitive data and only unlock access to vital systems […]

What is Zero Trust? Zero Trust is a cybersecurity model that keeps organizations’ data safe by requiring users to continuously verify and authenticate their identities. Analyst John Kindervag, formerly of technology research firm Forrester, first coined the term in 2010. But the concept also has roots in the “black core” architecture theory of the U.S. […]