CYBERSECURITY BASICS FOR ACCOUNTING & TAX COMMUNITY

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CYBERSECURITY BASICS FOR ACCOUNTING & TAX COMMUNITY

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Course Details

Overview of Topics

Cybersecurity Terminology3 mins
Trojan Horse Method24 mins
Cybersecurity Risks33 mins
Spoofing - A phone method56 mins
Data breaches66 mins
CIS Critical Security Controls79 mins

Course Description

Cyber criminals have discovered that tax and accounting firms have a wealth of personal information stored on their local computer networks, and that your office network is the weakest link in the chain of custody for a taxpayer’s most personal financial information. To put a finer point on it, in the era of COVID-19 social distancing rules, you are likely managing some or all of your business, and working from home or in a non-public-facing way.

Whether you work remotely or in the office, how do you secure your network? Securing your office systems in a local or wide area network environment is required for retention of taxpayer data. Having a good, foundational understanding of your responsibility to secure your clients’ data and how cyber thieves operate is the best way to secure your data, and should let you sleep a little better at night!

This course is designed for individuals who would like to obtain a basic understanding of cyber-security. You have probably heard of some of the more common types of cyber crimes such as ransomware, spyware, computer viruses, phishing, denial of service attacks and hacking. This course is designed to familiarize participants who are not IT experts on cyber-security risks and internal controls. We will cover the material in a plane language, nontechnical manner. We will cover what you need to know, but not how to write the computer programs or code.

This course would be appropriate for CPAs, CFEs, CMAs, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.

Webinar Qualifies for

2 CPE credit of Canadian CPAs
2 CPE credit of Information Technology for all CPAs
2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )
2 General Educational credit for Tax Professionals/Bookkeepers/Accountants

Learning objectives

To identify how criminals commit acts of cyber fraud
To identify cybersecurity internal controls that will protect your company from cyber criminals
To recall the overview of Cyber Security and risks associated with it.

About Presenter

Dr. Robert Minniti

President,Minniti CPA LLC

minniti.cpa@cox.net

Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona. Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix.

He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College. He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, financial forecasting, and Sarbanes-Oxley compliance work. Dr. Minniti is an instructor teaching continuing professional education classes for the American Institute of Certified Public Accountants, Compliance Online, CPE Link/CCH . AccountingEd, Global Compliance Panel, Clear Law Institute, CPE Solutions, Canopy CPE, The Institute of Management Accountants, the National Association of Valuators and Analysts, the Association of Certified Fraud Examiners, the Institute of Internal Auditors, and various state CPA Societies.

Minniti CPA LLC

www.minniticpallc.com

MINNITI CPA LLC is seeking professional, hard-working, licensed CPAs with at least four years of experience.

The Firm demands independence, integrity, objectivity, competence and due care from all of its personnel in the conduct of its engagements. Our Firm is structured to provide leadership in achieving high quality professional performance while maintaining the concept of individual responsibility. Policies and procedures have been established providing assurance that professional engagements are properly planned and executed. Decisions are based on the substance of issues, not on form.

Our policies and procedures designate Partners of the Firm for consultation on significant ethical, technical and industry questions. The policies and procedures are designed to assure that clients receive the best professional services we can provide. We continually keep in mind the public interest. We expect our Partners and Associates to identify and resolve all important engagement issues.

The job requires high level tax preparation skills, superior tax research and problem solving abilities, broad software knowledge, and excellent written and oral communication skills. We have a team approach to provide high quality client service for tax compliance, planning, financial statements, and general business consulting.

Review Questions

Question 1 : 00:15
Question 2 : 00:30
Question 3 : 00:45
Question 4 : 01:00
Question 5 : 01:10
Question 6 : 01:20

Review Questions
Final Quiz

Which one of the following is a weakness of an IT system?
- Software bugs
  Software bugs, hardware issues, and security issues are weaknesses of an IT system.
- Hardware Issues
  Software bugs, hardware issues, and security issues are weaknesses of an IT system.
- Security Issues
  Software bugs, hardware issues, and security issues are weaknesses of an IT system.
- All of the above
  Software bugs, hardware issues, and security issues are weaknesses of an IT system.
Computer worm is -
- A type of malware that transmits itself over networks and the internet to infect more computers with the malware.
  Computer worm is a type of malware that transmits itself over networks and the internet to infect more computers with the malware.
- A malware program that is disguised as something else
  Computer worm is a type of malware that transmits itself over networks and the internet to infect more computers with the malware.
- Is hidden in a computer program and performs functions such as copying or deleting data files
  Computer worm is a type of malware that transmits itself over networks and the internet to infect more computers with the malware.
- None of the above
  Computer worm is a type of malware that transmits itself over networks and the internet to infect more computers with the malware.
____________ are often used to insert spyware onto computers.
- Computer Worms
  Trojan horses are often used to insert spyware onto computers.
- Viruses
  Trojan horses are often used to insert spyware onto computers.
- Malwares
  Trojan horses are often used to insert spyware onto computers.
- Trojan horses
  Trojan horses are often used to insert spyware onto computers.
Which one of the following is a strategy to manage cybersecurity risk?
- Management of IT assets
  Management of IT assets, change management, data security and disaster recovery plan are strategies to manage cybersecurity risk.
- Change management
  Management of IT assets, change management, data security and disaster recovery plan are strategies to manage cybersecurity risk.
- Data security and Disaster recovery plan
  Management of IT assets, change management, data security and disaster recovery plan are strategies to manage cybersecurity risk.
- All of the above
  Management of IT assets, change management, data security and disaster recovery plan are strategies to manage cybersecurity risk.
__________ is often accomplished by using fraudulent e-mail messages that appear to come from legitimate businesses or government agencies.
- Smishing
  Phishing is often accomplished by using fraudulent e-mail messages that appear to come from legitimate businesses or government agencies.
- Vishing
  Phishing is often accomplished by using fraudulent e-mail messages that appear to come from legitimate businesses or government agencies.
- Phishing
  Phishing is often accomplished by using fraudulent e-mail messages that appear to come from legitimate businesses or government agencies.
- All of the above
  Phishing is often accomplished by using fraudulent e-mail messages that appear to come from legitimate businesses or government agencies.
Which one of the following is a well-known cybersecurity standard that is commonly used outside US?
- NIST
  ISO 27001 is a well-known cybersecurity standard that is commonly used outside US.
- HITRUST
  ISO 27001 is a well-known cybersecurity standard that is commonly used outside US.
- COBIT
  ISO 27001 is a well-known cybersecurity standard that is commonly used outside US.
- ISO 27001
  ISO 27001 is a well-known cybersecurity standard that is commonly used outside US.

Minimum 70% Questions answer should be right.

Which one of the following is the purpose of ISAC?
- Facilitate information exchange for tax administration purposes related to identity theft tax refund fraud
- Provide a forum for participants to discuss real-time responses to such fraud schemes
- Promote the advancement of data analysis, capabilities, methodologies and strategies to detect, reduce, and prevent this type of fraud
- All of A, B, and C.
Which one of the following is the secure information that the tax professionals possess of their clients?
- Personal Information
- Employee and Vendor Information
- New laws and updates
- All of the above
___________ is a route into a computer that circumvents the user authentication process and allows hackers open access to the system once it is installed.
- Scam
- Backdoor
- Hacking
- None of the above.
Which one of the following is a cyber-security risk?
- Civil litigation
- Damage to reputation
- Business disruption
- All of the above
Which one of the following is not a cybersecurity framework?
- CODO
- COBIT
- ISO 27001
- HITRUST
___________ cybercrime occurs when the criminals use botnets or networks of infected computers to bring down a website by overloading the server:
- Denial of Service
- Malware
- Trojan Horse
- Ransomeware
Which one of the following is required if you apply basic control of limiting access with user IDs and passwords?
- Spam filters
- Router and switch
- Password change every 90 days
- None of the above.
Which one of the following is true for NIST?
- NIST is created and published by the National Institute of Standards and Technologies
- NIST is used for implementing the Federal Information Security Act of 2002
- NIST sets minimum requirements for IT security.
- A, B, and C.
Which one of the following is a basic internal control method for preventing cybersecurity risk?
- Firewall
- Encryption
- Network Intrusion Prevention System
- All of A, B, and C
Which one of the following is a best practice framework that is used in conjunction with the COSO framework?
- NIST
- HITRUST
- COBIT
- None of the above

FAQ

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The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
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For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
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Reviews

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NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

On-Demand Webinars

WORK WELL REMOTE: BOUNDARIES FOR BETTER HABITS

Wednesday, October 21, 2020 View Details/Register

FUNDAMENTALS OF INCOME TAXATION OF TRUSTS & FORM 1041 PLANNING: WHAT EVERY ADVISORS NEEDS TO KNOW

Wednesday, October 21, 2020 View Details/Register

ACCOUNTANT PREPARED A RETURN AND IT IS UNDER CRIMINAL INVESTIGATION BY THE IRS, NOW WHAT?

Wednesday, October 21, 2020 View Details/Register

GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)

Thursday, October 15, 2020 View Details/Register

CUTTING THE GORDIAN KNOT: ECHECK FRAUD, MOBILE BANKING FRAUD, CHECK 21 & HOLDER IN DUE COURSE

Tuesday, October 13, 2020 View Details/Register

Ethics for Wyoming CPAs

Friday, October 09, 2020 View Details/Register

CYBERSECURITY ESSENTIALS FOR TAX PREPARER

Friday, October 09, 2020 View Details/Register

FORENSIC ACCOUNTING : VALUE ADDED SKILL FOR EVERY ACCOUNTANT

Thursday, October 08, 2020 View Details/Register

TAX FIRM MARKETING: 5 ESSENTIAL DIGITAL STRATEGIES FOR UNCERTAIN TIMES

Thursday, October 08, 2020 View Details/Register

COMPREHENSIVE GUIDE TO IDENTITY THEFT WITH CASE STUDIES

Thursday, October 08, 2020 View Details/Register

UNDERSTANDING FRAUD, THE BASICS

Wednesday, October 07, 2020 View Details/Register

NEW CYBER FRAUDS & CYBERSECURITY INTERNAL CONTROLS (POST PANDEMIC)

Wednesday, October 07, 2020 View Details/Register

Accounting Changes and Error Corrections (2 CPE)

Thursday, August 27, 2020 View Details/Register

Corporate External Financial Reporting Decisions

Tuesday, September 29, 2020 View Details/Register

Internal and System Controls

Tuesday, September 29, 2020 View Details/Register

Cost $20
CPE Credits 2
CE Credits 2
IRS Course ID GEHNZ-T-00282-20-S
Subject Area Taxes
Course Level Basic
Instructional Method QAS Self Study
Prerequisites None
Advanced Preparation None
Published Date October 12 ,2020
Who should attend? Tax Attorney Tax Practitioners Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm Tax Pros CPA (Industry) Tax Firm Young CPA CPA in Business Entrepreneurial CPA Tax Accountant (Industry) Tax Director (Industry) Tax Managers Tax Preparer
Handout Material Download
Key Terms Download

On-Demand Webinars

WORK WELL REMOTE: BOUNDARIES FOR BETTER HABITS

Wednesday, October 21, 2020 View Details/Register

FUNDAMENTALS OF INCOME TAXATION OF TRUSTS & FORM 1041 PLANNING: WHAT EVERY ADVISORS NEEDS TO KNOW

Wednesday, October 21, 2020 View Details/Register

ACCOUNTANT PREPARED A RETURN AND IT IS UNDER CRIMINAL INVESTIGATION BY THE IRS, NOW WHAT?

Wednesday, October 21, 2020 View Details/Register

GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)

Thursday, October 15, 2020 View Details/Register

CUTTING THE GORDIAN KNOT: ECHECK FRAUD, MOBILE BANKING FRAUD, CHECK 21 & HOLDER IN DUE COURSE

Tuesday, October 13, 2020 View Details/Register

Ethics for Wyoming CPAs

Friday, October 09, 2020 View Details/Register

CYBERSECURITY ESSENTIALS FOR TAX PREPARER

Friday, October 09, 2020 View Details/Register

FORENSIC ACCOUNTING : VALUE ADDED SKILL FOR EVERY ACCOUNTANT

Thursday, October 08, 2020 View Details/Register

TAX FIRM MARKETING: 5 ESSENTIAL DIGITAL STRATEGIES FOR UNCERTAIN TIMES

Thursday, October 08, 2020 View Details/Register

COMPREHENSIVE GUIDE TO IDENTITY THEFT WITH CASE STUDIES

Thursday, October 08, 2020 View Details/Register

UNDERSTANDING FRAUD, THE BASICS

Wednesday, October 07, 2020 View Details/Register

NEW CYBER FRAUDS & CYBERSECURITY INTERNAL CONTROLS (POST PANDEMIC)

Wednesday, October 07, 2020 View Details/Register

Accounting Changes and Error Corrections (2 CPE)

Thursday, August 27, 2020 View Details/Register

Corporate External Financial Reporting Decisions

Tuesday, September 29, 2020 View Details/Register