Cyber

The worldwide average cost of a data breach is $4.35 million, according to a report by IBM. Companies are doing business in a global industry with operations spread out to maximize profit. With wider operations comes an increased risk of cyber-attacks—but while companies will look to shore up their own cyber defenses, research shows they […]

Cryptocurrency has become a worldwide phenomenon since the first Bitcoin transaction in 2009. Today’s market is valued at more than $2 trillion, with recent advancements in crypto expanding how digital assets can be created, used, and transferred. However, the ever-changing scope of digital assets and introductions of new applications—such as the recent wave of NFTs—has […]

RIMS LIVE 2021 recently took place; a conference considered the most comprehensive risk management event globally and a must-attend event for anyone providing services to risk professionals in 2021. It featured over 100 hours of risk management knowledge and insights surrounding everything cyber. The conference brought in dozens of industry expert speakers and held dozens of events […]

One of the most significant outcomes of COVID-19 was the acceleration of the digital business shift. All indications were that remote work would be the future, but nobody planned on the transitioning happening so fast.  The speed to transition was impressive, but it left some open doors for criminals looking for soft spots like anything rushed. With […]

When COVID-19 sent everyone home to a remote desktop, many companies did not have remote access systems in place. As a result, IT teams scrambled to deploy them amid chaos. It was no minor task, and many IT teams were unprepared for the massive shift to remote work. To no surprise, security flaws stemming from […]

According to an FBI report, cybercrime cases have quadrupled over the last year. With many people working from home, company data security has taken a hit since corporate firewalls cannot protect what goes on at home. CPA firms, accountants, and professional service firms are prime targets of cyber-attacks. The significant amount of personal information collected […]

CPAs keep perhaps more sensitive and valuable personal data than any other profession. The type of data that cybercriminals would love to get their hands on and actively looking to exploit. Some of the most common CPA security breaches result in identity theft for fraudulent tax returns. Many victims never know their data has been […]

As people move more of their lives online, they become increasingly vulnerable to cyberattacks. Accounting firms are no different. In fact, they are at a higher risk of being targeted for a cyberattack because they deal with sensitive financial information.  According to a CNN article, a McAfee report said ransomware incidents increased across all sectors by […]

The COVID-19 pandemic is something nobody living today has ever experienced. It’s attacked our health and done extensive damage to our economy and way of life. If that weren’t enough, cybercriminals have added insult to injury by attacking under the COVID-19 guise. Working remotely from home has become the “new normal,” and the trend will […]

Cybersecurity should be a top concern for accounting firms. There are countless cybersecurity tools and best practices to help mitigate the effects of a data breach and the impact they may have on accounting firms. Accountants, in particular, must prioritize cybersecurity as an on-going process as opposed to a one-time item that, once completed, does […]