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The Cybersecurity Hype Machine: Is Your Accounting Firm Falling for the Same Playbook?
Every year, cyber security firms unveil their predictions and threat reports, and every year, they say the same thing: 🔹 Phishing is up...


Should Your Firm Ban DeepSeek, TikTok and Other Restricted Technologies?
When governments within the Five Eyes alliance comprising the U.S., U.K., Canada, Australia, and New Zealand ban technologies like...


The Evolving Role of the NIST Cybersecurity Framework and Its Relevance for Accountants
The significance of cybersecurity in the accounting profession has grown exponentially. With increasing regulatory requirements, data...


Building an Information Security Program from Scratch: A Guide for Accounting Firms
Small and medium-sized accounting firms often face unique challenges when building an Information Security (Info Sec) program. With...


4 Steps to Prepare Your Firm for FTC Safeguards Rule Compliance and PTIN Renewal
As the end of the year approaches, you may find yourself faced with a critical task: renewing your Preparer Tax Identification Number...


The FTC Safeguards Rule: Beyond the WISP Checklist Mentality
The Documentation Dilemma In the wake of the FTC Safeguards Rule's implementation in May 2024 a concerning has developed across financial...


The Risks of Staying With a Security Provider Too Long
It's not uncommon in today's world that businesses depend on third-party managed service providers (MSPs) to deliver essential...


The Perfect Storm - Identity Theft, Tax Fraud and Cyber Crime
On July 2, 2024, the Internal Revenue Service (IRS) issued a critical warning to tax professionals regarding the escalating threat of...


Should Accountants Push for Cyber Insurance or Stronger Defences?
In an era where cyberattacks are becoming an unfortunate norm, many businesses turn to cyber insurance as a critical component of their...


How Accountants Unknowingly Facilitate Insider Threats
When people think of cybersecurity risks, they often envision external hackers orchestrating sophisticated cyberattacks. However, one of...


Safeguards Rule and Cybersecurity Leadership
As featured in Intuit Tax Center: https://accountants.intuit.com/taxprocenter/tax-law-and-news/safeguards-rule-and-cybersecurity-leadersh...


The FTC Safeguards Rule is Not a Standalone Solution
The FTC Safeguards Rule, part of the Gramm-Leach-Bliley Act (GLBA), aims to safeguard consumer information held by financial...


FTC Safeguards - Identifying and Evaluating Your Risks
Section 314.4 (b) As a financial institution dealing with customers' personal and financial data, you face an endless onslaught of...


FTC Safeguards - Your "Qualified Individual"
Section 314.4 (a) Under the Federal Trade Commission's Safeguards Rule, all financial institutions – including companies that engage in...


Understanding and Complying with the FTC Safeguards Rule
The Federal Trade Commission (FTC) Safeguards Rule is a critical regulation aimed at protecting the security, confidentiality and...


Phishing is the leading way to compromise your business. Period.
Phishing remains the leading avenue for infiltrating your business, with social engineering tactics being the primary means to deliver...


The Vital Importance of Backups for Accountants
The value of your information cannot be overstated. So much so that data has been coined as the, "the new gold". Yet, with data sprawled...


Protecting Client Data: A Critical Responsibility for Tax Professionals - IRS Publication 4557
Data has become the new gold – a precious commodity that holds immense value, yet also presents significant risks. For tax professionals,...
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