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5 Cyber Tips for CPAs for Tax Season and After

CPA Practice

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.

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How to Qualify for – and Keep – Cyber Insurance Coverage

RogerRossmeisl

These days, it’s common for businesses to purchase cyber insurance to help mitigate financial losses from network breaches. Government Accountability Office, the proportion of businesses adding cyber coverage increased from 26% in 2016 to 47% in 2020. According to the U.S. Spend time with the application.

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Cyber Monday again breaks records

TaxConnex

Defying expectations of an off year, Cyber Monday broke online sales records, with U.S. Spending on Cyber Monday was greatest on toys, up almost sevenfold compared with an average day in October. On Cyber Monday 2021, $10.7 Cyber Week” 2022, the period including Thanksgiving and Black Friday, is estimated to reach $35.27

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Growing Cyber Risks Facing Financial Institutions

Withum

There is one area of concern for businesses that is not on this list, and it is cyber risks. According to Travelers Insurance , cyber risk has remained a top concern for businesses for over nine years. Connect with our Cyber and Information Security Services Team today.

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How small businesses can get themselves ready for Cyber Monday

Xero

Cyber Monday was originally an opportunity for ecommerce businesses to dish out huge promotions after Thanksgiving in the United States, but it’s now become a phenomenon around the world. In 2022, Cyber Monday brought in a total of $ 11.3 In 2022, Cyber Monday brought in a total of $ 11.3

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Cyber Insurance Requires Implementation of Controls

Withum

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.

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Why Cyber Attacks Are Increasing in Healthcare

Withum

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.