WISP Required! Key Components in Your Firm’s Written Information Security Plan
CPA Practice
JUNE 10, 2023
While the FTC Safeguards rule designed to protect financial and PII (personally identifiable information) has been around for decades, as of June 9, 2023, compliance of various components including a Written Information Security Plan, or WISP, became mandatory! While primarily targeted at companies maintaining more than 5,000 client records (think tax returns), certain safeguard components are required for firms with less than 5,000 records, such as the use of multi-factor authentication, encry
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