CPA Practice

JANUARY 18, 2024

Some governments are beginning to take the threat seriously. Senate, in a rare unanimous vote, passed a bill in 2022 addressing the threat of quantum computers on cryptography. IBM has developed many of the foundational technologies for the quantum era, which Assis said could arrive by 2030.

Government 114

Government Technology 114

RogerRossmeisl

MARCH 24, 2021

The use of deepfakes (a word derived from “deep learning” and “fake”) is one of the latest threats to emerge. Deepfakes are enabled by artificial intelligence (AI) and they’re something your company needs to have on its radar because if you haven’t seen a deepfake yet, you will.

CPA 236

CPA 236

ThomsonReuters

MARCH 1, 2024

With the proliferation of cyber threats, the role of accountants to serve as protectors of clients’ most confidential financial information has become more significant than ever. It arrives at a time when the digital landscape is filled with ever-evolving threats, making the protection of client information a paramount concern.

Technology 106

Technology Education Tax Account 106

Anders CPA

MARCH 5, 2024

A managed detection and response (MDR) cybersecurity strategy is a proactive approach to protecting businesses from cyber threats. MDR combines advanced threat intelligence, behavior analytics, and machine learning to identify and respond to potential cyber threats before they cause significant damage.

Technology 52

Technology CPA Maine 52

ThomsonReuters

JANUARY 16, 2024

Artificial intelligence (AI), for instance, has emerged as an essential tool for helping security teams patch those inviting holes in business functions before they’re exploited, reducing breach risk and improving security posture efficiently and effectively.

audit 64

audit auditor Technology Construction 64

SkagitCountyTaxServices

MARCH 7, 2024

As businesses embrace digital transformation, the specter of cyber threats looms larger. So investing in cyber threat intelligence and network security is no longer optional. Cybersecurity measures are essential in an era when the cost of cyberattacks has reached all-time highs.

Technology 71

Technology Start-ups accounting software CPA 71

CPA Practice

APRIL 23, 2024

While AI hasn’t been the top priority for the majority of mid-market businesses in the past, it will emerge as such over the next five years, with 75% of mid-market companies planning to invest in machine intelligence to improve efficiency.

accounting firms 69

accounting firms Account accountant accounted 69

CPA Practice

MAY 8, 2024

The remit of InfoSec teams is rapidly expanding through new regulatory and compliance requirements, such as the SEC’s new cybersecurity rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure , as well as emerging risk areas like ever-increasing cybersecurity threats and the rise of artificial intelligence (AI).

Technology 59

Technology audit Legal Government 59

ThomsonReuters

APRIL 30, 2024

Artificial intelligence (AI) and machine learning (ML) Artificial intelligence (AI) involves the development of computer systems that can perform tasks requiring human intelligence. It can be categorized into Narrow AI, which focuses on specific tasks, and General AI, which aims to possess human-level intelligence.

auditor 52

auditor audit Technology financial statements 52

Cherry Bekaert

MAY 26, 2023

We are seeing a significant shift in the IT risk landscape, driven by emerging technologies, changing cybersecurity threats, and evolving regulatory requirements. For example, the implementation of RPA processes can expose sensitive data and systems to security threats. How are you going to protect your company?

Technology 92

Technology audit auditor Legal 92

CPA Practice

FEBRUARY 17, 2023

Tax preparers can best guard against fraud by implementing intelligent, multi-layered identity verification that relies on dynamic identity inputs, like mobile device data, to differentiate legitimate users from fraudsters. #2 When implemented with human supervision, AI can become invaluable.

Tax 122

Tax tax preparation cpas Legal 122

CPA Practice

APRIL 17, 2024

Furthermore, 72% have invested in data analytics and business intelligence, recognizing the value of actionable insights derived from data.Looking ahead, these companies are gearing up for the next phase of technological evolution.

accounting firms 52

accounting firms Account accountant accounted 52

Withum

JANUARY 23, 2023

On Friday, January 13, Withum hosted students from Morris County Vocational School District to learn about a day in the life of cyber professionals, complete with a tour of the state-of-the-art facility, including its threat-tracking room, data destruction equipment and artifacts from influential cyber cases.

Education 98

Education Construction Healthcare Start-ups 98

PYMNTS

DECEMBER 9, 2020

We were attacked by a highly sophisticated threat actor, one whose discipline, operational security, and techniques lead us to believe it was a state-sponsored attack,” Kevin Mandia , chief executive officer, said in the post. The tool kit mimics the behavior of many threat actors and is used for diagnostic purposes, he said.

Healthcare 106

Healthcare California Manufacturing Government 106

Menzies

APRIL 12, 2024

Additionally, the rise of mobile commerce, social commerce, and innovative technologies such as augmented reality (AR) and artificial intelligence (AI) are reshaping the ecommerce landscape. However, the sector also faces challenges such as supply chain disruptions, cybersecurity threats, and regulatory complexities.

chartered accountant 52

chartered accountant Legal accounting firms Sales 52

Going Concern

OCTOBER 23, 2023

PricewaterhouseCoopers LLP has teamed up with ChatGPT owner OpenAI to offer clients advice generated by artificial intelligence as the Big Four audit firms look to cut costs and boost productivity. Reported by Bloomberg last week , PwC is putting AI to work. Officially. The timing of that particular partnership was not great.

Technology 121

Technology Legal New York audit 121

ThomsonReuters

OCTOBER 4, 2023

How do the Big 4 use artificial intelligence? Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients. “[Generative] AI is not actual intelligence — it’s textual crowd-sourcing,” said one survey respondent.

accounting firms 111

accounting firms Account accountant accounted 111

CPA Practice

OCTOBER 9, 2023

Almost one in five senior finance leaders (18%) report concerns about artificial intelligence (AI) and machine learning. The report demonstrates how the increasing digitalization of financial systems and services holds both threat and opportunity in the face of economic uncertainty.

Technology 115

Technology Finance 115

CPA Practice

APRIL 15, 2024

Sharing innovation with developing countries Governments worldwide are joining forces to combat money laundering and tax evasion because they recognize these crimes as threats to national stability. Teya Dyan is Principal Consultant in Government Fraud and Security Intelligence Solutions at data and AI provider SAS.

Tax 119

Tax Kansas Real Estate Government 119

Accounting Insight

JANUARY 8, 2024

Threat actors are already targeting businesses – the HISCOX Cyber Readiness Report found invoice fraud was one of the most common threats in 2023. Intelligent insights into customer behaviour have long been essential to success.

accounts payable 105

accounts payable B2C Technology accounting and finance 105

PYMNTS

APRIL 21, 2020

Called the Oxford Cyber Future Program , the six-week class will cover artificial intelligence, cybersecurity, threat analytics, data privacy and digital ethics, a press release states. Program Director David Shrier will also contribute.

Education 98

Education Technology 98

ThomsonReuters

DECEMBER 8, 2023

No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence. Generative AI is a type of artificial intelligence technology that can produce various types of content, including text, imagery, and audio. What is generative AI?

Account 108

Account accountant accounted Technology 108

ThomsonReuters

APRIL 17, 2024

The emergence of g enerative artificial intelligence ( GenAI ) has sparked both excitement and apprehension in the tax industry, with professionals divided on its potential impact. According to the report, just under half of respondents believe GenAI is somewhat of a threat to the need for tax professionals.

Tax 98

Tax tax preparation tax return Technology 98

CPA Practice

DECEMBER 11, 2023

Artificial intelligence (AI) has rapidly transitioned from science fiction to everyday reality, transforming industries and disrupting long-held paradigms. Agrees on Landmark Artificial Intelligence Rules ,” and The Washington Post’s “ E.U. A Top Technology Initiative Article – Dec. So, Where is AI Headed in the Profession?

Technology 124

Technology audit E-commerce accounting principles 124

PYMNTS

NOVEMBER 30, 2020

They've been selling for $100 to $1,500 based on the value, and threat intelligence experts note that the accounts might have been accessed via a data-stealing mechanism called AzorUlt, which works by buying data from computers infected by the program. apparel maker and the CFO of a European retail chain," according to Engadget.

Account 116

Account accountant accounted Retail 116

Withum

NOVEMBER 8, 2023

As we’ve covered previously , there are threats to Collegiate venues and game developers that are unique to the Esport industry. Let’s Chat The post How the ‘E’ in Esports Increases Criminal Threats appeared first on Withum. However, the largest growing segment of victims is the athletes and streamers themselves.

Sports 59

Sports Gaming Government Account 59

CPA Practice

SEPTEMBER 20, 2023

The agency said it will be using improved technology, including artificial intelligence, to better detect tax cheating by large partnerships and wealthy earners, identify emerging compliance threats, and improve audit case selection tools. that on average have over $10 billion in assets by the end of September.

income tax 122

income tax Tax audit tax return 122

PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. One of the most common threats to FIs is identity fraud, with fraudsters posing as consumers to gain access to their accounts or apply for loans they have no intention of paying back. billion in 2019.

Technology 83

Technology Construction Government Account 83

CPA Practice

NOVEMBER 17, 2023

Without a strategic view of the future, including a clear assessment of strengths, weaknesses, opportunities, threats, priorities, and areas of vulnerability, internal audit may struggle to recognize the necessary actions to ensure organizational success. This misalignment is expected to continue in 2024.

audit 104

audit Technology auditor Government 104

Going Concern

APRIL 29, 2024

On the topic of non-competes, a Forbes contributor who’s been to Deloitte University says there’s a better way to keep good talent and it’s not the threat of legal action if they leave. Yet only 25 percent of firms say the threat posed is currently being addressed in their risk management strategy. It’s not.

Account 110

Account accountant accounted public accounting 110

CPA Practice

SEPTEMBER 8, 2023

The IRS is deploying cutting-edge technology like artificial intelligence to identify and begin examinations of large partnerships with billions of dollars in assets that have “cut corners” on tax compliance, Commissioner Danny Werfel said on Friday.

audit 121

audit Tax Real Estate Technology 121

PYMNTS

FEBRUARY 20, 2020

Smart Cities and 5G Threats. The latest Intelligence of Things Tracker® looks at what’s possible in 5G smart cities, with companies including Cisco getting ahead of 5G-speed cybercrime that’s sure to come along with fast new networks. Check out the Intelligence of Things Tracker® for full details.

Technology 94

Technology Transportation California Start-ups 94

CPA Practice

SEPTEMBER 12, 2023

Companies are prioritizing investments in automation and broader enabling technologies, such as GRC solutions, as well as advanced technology tools, such as artificial intelligence (AI) and machine learning (ML) to support SOX compliance activities.

Technology 112

Technology audit auditor Government 112

PYMNTS

JANUARY 24, 2020

The company leverages both threat intelligence and employee awareness to keep it, its workers and its customers safe and believes that understanding fraud is a significant component to combatting it. Threat intelligence is only half the equation, however. Tracking Phishers’ Angles. Smarter Employees Are Safer Employees.

Education 52

Education Account accountant accounted 52

CPA Practice

FEBRUARY 28, 2024

Advanced intelligence technology then examines the files to identify critical information and formats the data into Excel/CSV files mirroring the original structure. Enhanced Security: Proprietary data encryption and compliance keeps sensitive client records safe from cyber threats.

Account 52

Account accountant accounted Technology 52

TaxConnex

APRIL 28, 2022

Virtual audit is a real threat. Auditors can also use artificial intelligence to dig up even more evidence. Almost half (48.5%) of respondents expect sales tax audits to become more frequent in 2022-23, and nearly one in five (18.5%) cite being audited as one of their chief worries for this year.?. It’s also changed auditing.

audit 174

audit auditor general ledger Minnesota 174

PYMNTS

OCTOBER 16, 2020

Fighting these threats requires an equally wide range of defenses, says Jamie Armistead, Zelle vice president. In this month’s Preventing Financial Crime Playbook, Armistead explains how artificial intelligence (AI) can offer a bird's eye view of suspicious transactions and stop fraudsters from exploiting legitimate customer vulnerabilities.

Government 89

Government Tax Account accountant 89