The Accountant’s Ultimate Guide to Cybersecurity
Continue reading to learn about cybersecurity for accounting firms and how to build a cybersecurity program that will protect your firm’s data and meet compliance.
Table of Contents
Scams Specific to Tax and Accounting ProfessionalsHere are 3 common ways criminals scam tax firms and their clients:
- Sending texts and emails claiming to be from the government and demanding immediate action.
- Stealing taxpayers’ identities and applying for fraudulent unemployment benefits (called “Claim Hijacking” or “Claim Account Takeover”).
- Stealing identities and tax refunds.
Protect Your Data: Complete a Risk AssessmentSo, how can you keep your firm safe from these threats? Start by completing a risk assessment to identify, evaluate, and prioritize areas where your cybersecurity measures leave you vulnerable.
First, make a list of all the data you handle and how. That means looking at the software and hardware you use and evaluating your current operations. Think about your teams, both in-house and virtual, and the contractors or vendors who have access. Review the flow of information you receive about and from your clients. Document as much as possible about how it is cared for, stored, and accessed. Is it online, offline, locally, or in the cloud?
Identify all potential points of failure in your workflow, systems, and personnel. For example, if your business stores all vital information in only one place, what would happen if the method you use to access it failed or was destroyed?
How You're Putting Data at Risk
Here are four common ways firms (unknowingly) put their data at risk of attack:
Hear real-life examples and learn actionable tips to secure your data in this on-demand webinar with experts Randy Johnston and Luke Kiely.