Data breaches are constantly in the news. Last year, Marriott, Quora and Dunkin Donuts all made headlines for privacy breaches – and that’s just to name a few. With breaches happening all the time, it’s easy to feel overwhelmed. But it’s more important than ever to focus on data protection. In honor of Data Privacy Day, here are three ways to protect your clients’ data during tax season and all year long.
Develop an incident response plan
Is your firm ready for a cyberattack? In today’s world, it’s not about if you will experience an attack, but when. Having a prepared incident response plan means you and your staff know what to do as soon as you realize an attack happened. You’ll be able to respond faster and more efficiently. Your response plan will delegate responsibilities, detail how you will notify your clients and help mitigate any reputation damage to your firm.
Continue reading "Data breaches are here to stay" »
Earlier today, Bob Sydow, EY Americas Advisory Cybersecurity Leader, testified in front of the US Senate Committee on Banking, Housing and Urban Affairs on cybersecurity risks to financial services.
Sydow outlined three main challenges EY’s clients face regarding cybersecurity:
- Emerging interconnected technologies that drive fundamental transformations and create complex third-party ecosystems
- The volume, velocity and precision of attacks
- A shortage of cybersecurity resources and skilled professionals
Continue reading "AICPA cybersecurity framework highlighted in Congressional testimony" »
I love that my bank, credit cards and insurance companies all have intuitive websites and mobile apps where I can easily pay bills and check my balances. But between Whole Foods, Equifax and Yahoo, I – like many other consumers – am becoming increasingly concerned with what organizations are doing to protect sensitive information.
Even as we become more dependent on IT systems for everything from ordering our groceries to tracking our fitness, cyberattacks are becoming more organized, profitable and persistent. For CPAs, this means growing concerns about both protecting client data and helping clients protect sensitive information.
In honor of Cybersecurity Awareness Month, here are three ways CPAs can remain proactive when it comes to cybersecurity.
Continue reading "CPA life hacks to keep from getting hacked " »