CPA Practice

APRIL 9, 2024

By Oren Koren Tax season is underway, which means cyber criminals are hard at work. More so, with cyber criminals now leveraging the power of AI to maximize their outputs, CPAs owe it to their firms, and to their clients, to prioritize an often swept-under-the-rug approach to cyber security.

cpas 118

cpas Tax cpa firm tax return 118

Cherry Bekaert

MARCH 5, 2024

Recent warnings from the FBI regarding cyber-attacks originating from nation states, particularly China, underscore the critical need for a comprehensive approach to cybersecurity that encompasses prevention, detection and response. Failure to meet these obligations can result in severe legal and financial consequences.

Legal 105

Legal Technology 105

PYMNTS

APRIL 8, 2019

RiskLens, a cyber risk management software company, has raised $20.55 RiskLens has forever changed the way large organizations assess, manage and report on cyber risk, by translating the impact of threats and vulnerabilities into the financial language of the business that everyone understands: dollars and cents,” Sanna said. “We

Sales 40

Sales Technology 40

PYMNTS

SEPTEMBER 21, 2016

Slowly but surely, cyber risk is gaining increased attention in the United Kingdom. In its UK Cyber Risk Survey Report for 2016, Marsh found that, in response to queries over attitudes towards cyber insurance, awareness among U.K.-based Could complacency be a risk in itself?

B2B 66

B2B Government 66

Cherry Bekaert

APRIL 20, 2024

We can help you identify relevant cyber and privacy risks and develop realistic solutions and strategies to help minimize the likelihood and impact of your systems, operations, and data being impacted. Our experienced professionals utilize leading tools, processes, and frameworks to achieve your cybersecurity and privacy goals.

audit 52

audit auditor Government cpa firm 52

PYMNTS

APRIL 11, 2018

HP is deploying a Device-as-a-Service (DaaS) offering to enhance corporate customers’ risk management and IT security, the company said Tuesday (April 10). HP’s DaaS solution links businesses with multi-OS (operating system) device management support and risk analytics capabilities, the firms explained.

B2B 43

B2B 43

Withum

SEPTEMBER 29, 2023

Despite all the technological advances, the same cyber threats are still at play today. The leading causes of cyber incidents continue to be human error, weak authentication controls, unresolved vulnerabilities and over-permissive access. What Is Cyber Hygiene? Since 2003, we have seen the dramatic evolution of cyberattacks.

Education 125

Education Technology 125

Withum

AUGUST 22, 2022

Many organizations have been surprised when they find that cyber insurance premiums have gone up and they now have less coverage. In another organization, a cyber insurance company denied their renewal because they could not clearly identify their cyber risk which the insurance company stated is reviewed periodically.

Legal 132

Legal 132

PYMNTS

APRIL 5, 2016

Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today. However, this rapid evolution generates risks,” Rosengren said.

40

40

Withum

NOVEMBER 22, 2023

Securities and Exchange Commission (SEC) charged SolarWinds and its chief information security officer for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities. There are many examples of SolarWinds cyber failures that should have been detected during diligence.

Government 98

Government accounting standards audit Technology 98

RogerRossmeisl

JANUARY 1, 2024

But small businesses, especially new ones, have special risks because they generally can’t invest in expensive fraud-prevention programs. Understand the risk Fraud schemes can involve employees (occupational fraud) or third parties (including vendors, customers and cybercriminals). Fraud occurs in companies of every size.

financial statements 100

financial statements CPA 100

Xero

OCTOBER 1, 2023

A good way to identify any gaps is to get into the mindset of a cyber criminal. Who are the criminals behind a cyber attack? Stolen data is a valuable commodity on the dark web, and cyber criminals know they can make a quick buck by targeting businesses with lax security. Data is the ultimate prize for a cyber criminal.

Start-ups 111

Start-ups Account accountant accounted 111

Cherry Bekaert

AUGUST 7, 2023

New rules cover disclosure of cyber incidents on cybersecurity risk management, strategy and governance by public companies On July 26, 2023, the Securities and Exchange Commission (SEC) adopted the Cybersecurity Reporting Requirements that were proposed in March 2022 to provide transparency and protection to investors.

Government 98

Government Technology 98

Withum

OCTOBER 10, 2022

Cyber insurance provides companies with some financial peace of mind as an essential component of their cybersecurity risk mitigation strategy. It can help to recover from a data breach or cyber incident – or at least that used to be the case. Cybercrime has increased by 600% percent since the COVID-19 pandemic. [2]

Hospitality 98

Hospitality 98

Withum

OCTOBER 16, 2023

The number of cyber incidents within the healthcare industry has continued to increase, ranging from isolated incidents to targeted attacks that have grown in their material impacts. Hospitals and medical practices that fall victim to cyber-attacks can be left figuring out how to operate without their daily information systems.

Healthcare 111

Healthcare Rhode Island West Virginia North Carolina 111

CPA Practice

FEBRUARY 8, 2023

Nearly half (48.8%) of C-suite and other executives expect the number and size of cyber events targeting their organizations’ accounting and financial data to increase in the year ahead according to a new Deloitte Center for Controllership poll. Within that group, 22% experienced at least one such cyber event and 12.5% Yet just 20.3%

Account 97

Account accountant accounted accounting and finance 97

CPA Practice

APRIL 18, 2024

Organizations are looking to streamline audit, risk, and compliance programs as they face an unprecedented volume and velocity of corporate risk — including economic volatility, geopolitical conflict, cyber concerns, and new regulations.

Legal 52

Legal audit Government 52

Withum

AUGUST 18, 2023

This report aims to provide you with a comprehensive understanding of the top cyber threats to financial services and ways to combat them. Download the full cyber threat intelligence report for actionable insights into: Recent cyber attacks on financial institutions and cybercriminals’ tactics to compromise your most critical assets.

E-commerce 96

E-commerce 96

CPA Practice

SEPTEMBER 12, 2023

The SEC rule will inherently increase disclosures related to cybersecurity risk management, governance and material incidents. The survey was conducted with support from AuditBoard , a leading cloud-based audit, risk, IT security, and ESG management platform, in April and May of 2023.

Technology 112

Technology audit auditor Government 112

Withum

OCTOBER 16, 2023

The number of cyber incidents within the healthcare industry has continued to increase, ranging from isolated incidents to targeted attacks that have grown in their material impacts. Hospitals and medical practices that fall victim to cyber-attacks can be left figuring out how to operate without their daily information systems.

Healthcare 98

Healthcare Rhode Island West Virginia North Carolina 98

Withum

APRIL 30, 2024

Policies and procedures for prohibitions, exclusions, supply chain risk information sharing, and safeguarding information that address security objectives are spread across various parts of the FAR. As currently written, the FAR makes it challenging for the acquisition workforce to identify, understand, and implement security requirements.

Government 59

Government 59

Withum

OCTOBER 5, 2022

Cybersecurity Risks Businesses Are Taking Right Now. Edward Keck , Market Leader of the Cyber and Information Security Services Team at Withum, identifies three top security risks affecting businesses. You Do Not Have or Are Not Properly Using Cyber Insurance. Do you have a firewall?” “Do Do you have antivirus in place?”

Account 131

Account accountant accounted 131

Accounting Insight

APRIL 30, 2024

Plus, cybersecurity experts will be offering advice about the potential business risks. – Seminar Recordings, sponsored by Moneypenny : For the first time, all seminars are being filmed. The post New additions announced for Accountex, covering everything from cyber security to wellness appeared first on Accounting Insight News.

bookkeeping 52

bookkeeping accounting and finance Education Tax 52

CPA Practice

OCTOBER 18, 2023

However, there comes a point when ignoring the need to evaluate and make changes to your firm’s technology ecosystem can actually be harmful to the health of your firm and expose it to some serious risks that could harm its future health. Failure to do so may result in the risks covered above plus it will hold you and your team back.

Technology 110

Technology Utah accounting software Maine 110

CPA Practice

APRIL 1, 2024

But there is hope—through proper training, your firm and ultimately your clients can significantly reduce the risk of a breach. While technological safeguards undoubtedly play a critical role, they alone cannot entirely mitigate these risks. Providing a checklist for reference can significantly mitigate risk levels.

Education 122

Education Legal quickbooks audit 122

CPA Practice

AUGUST 15, 2023

Securities and Exchange Commission (SEC)’s issuance of their final rule on cybersecurity risk management, noting the positives associated with greater transparency and accountability, while pledging to continue to work with the SEC to address additional concerns. Attorney General determines the incident poses a national security risk.

audit 98

audit auditor Education CPA 98

CPA Practice

MARCH 14, 2024

AuditBoard , a loud-based platform transforming audit, risk, compliance, and ESG management, has partnered with KPMG LLP, the audit, tax, and advisory firm. Today’s dynamic risk and compliance landscape requires a modern, cross-functional approach across the enterprise,” said Scott Arnold, CEO at AuditBoard. “By

audit 105

audit Technology B2B Tax 105

Withum

FEBRUARY 26, 2024

Failure to comply with the rule could result in financial penalties and your organization’s exposure to legal risk. The cost of addressing a cyber incident after it happens can be up to 6 times greater (6X) than investing in preventative measures and appropriate policies, processes, and procedures to mitigate risk.

Legal 52

Legal Account accountant accounted 52

Cherry Bekaert

DECEMBER 12, 2023

  Why should private equity investors pay attention to cyber risks in the M&A process? When should a cybersecurity risk assessment be conducted? What are the potential risks of a cybersecurity breach at any point in the investment lifecycle?

Account 52

Account accountant accounted 52

Withum

FEBRUARY 15, 2024

4 Reasons to Securely Off-Board Employees Data Protection : Secure off-boarding ensures that access to sensitive data and systems is promptly revoked, minimizing the risk of data breaches or unauthorized access. By incorporating forensic imaging and extraction into the offboarding process, organizations can effectively mitigate these risks.

accounting and finance 108

accounting and finance audit Legal Finance 108

Withum

NOVEMBER 13, 2023

Contact Us Executive Summary A mid-western regional bank recognized that its cybersecurity initiatives were inconsistent with industry standards and sought third-party expertise to improve its cyber defense strategy. Withum’s Cyber and Information Security Services Team partnered with the bank to revamp its cybersecurity program.

audit 52

audit Education Retail 52

Withum

DECEMBER 20, 2023

The only exception is that general hospitals must immediately report cyber incidents to the Department within two hours of determining that a cybersecurity incident occurred. Implement risk-based policies and controls to monitor the activity of authorized users and detect unauthorized access or use of nonpublic information.

New York 59

New York Hospitality Healthcare audit 59

Going Concern

MARCH 21, 2024

FT: Under the plan, Deloitte’s main business units will be cut to four — audit and assurance; strategy, risk and transactions; technology and transformation; and tax and legal — from the five the firm has had since 2014. Tech and transformation will include engineering, AI, data, and cyber.

audit 106

audit Legal Maine Technology 106

Withum

JANUARY 18, 2024

Click Here View On-Demand Webinar Withum’s Cyber and Information Security professionals are holding a session on protecting businesses and tenants in the digital age for real estate professionals. Smith Advisory Whippany, NJ The post On-Demand Webinar: Cybersecurity Risks and Opportunities for Real Estate appeared first on Withum.

Real Estate 52

Real Estate 52

Accounting Insight

JUNE 29, 2023

It’s a sad fact that accountancy is one of the industries most targeted by cyber-crime. Indeed, when firms fall victim to a cyber-attack, they can face everything from legal and regulatory penalties, to reputational damage, and client distrust. Unfortunately, working from home aggravates the risk of cyber-attacks.

Account 59

Account accountant accounted accounting and finance 59

Withum

JUNE 7, 2022

Withum, a top 25 public accounting and advisory firm, welcomes experienced cybersecurity professional, Ed Keck , as a Partner and Market Leader of the Firm’s Cyber and Information Security Practice. Cyber threats continue to grow at an exponential rate, and security is top of mind for executives across all industries and markets.?

public accounting 98

public accounting Hospitality Healthcare Washington 98

CPA Practice

JUNE 10, 2023

STEP 2: Conduct a Risk Assessment: The firm must identify where all protected data is located and how it may be utilized including the foreseeable cybersecurity risks and system vulnerabilities that could compromise this data.

Education 111

Education CPA cpa firm tax return 111