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Course Level :Basic
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Credits :1
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Pre-requisites :None
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Advance Preparation :None
1 Credit
Subject Area
Cybercriminals 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?Â
Securing your office systems in a local or wide area network environment is required for the 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!
A cybersecurity breach is very costly to both clients and the CPA firm. Forensic discovery, remediation, determination of exfiltration of data, reporting requirements, and cost of outside counsel to protect the CPA firm's litigation exposure will typically cost $70,000 to $300,000, in the experience of clients of the cybersecurity company of one of the authors. Cyber insurance can cover some of these costs but not nearly all of them.
Extortion based on client-sensitive or firm-sensitive data is the new twist to a breach. Such extortion attempts may threaten retaliatory disclosure of client or company data on the internet, the value of which may be over $2 million per incident in one author's company's client experience.
This CPE E-Book is designed for individuals who would like to obtain a basic understanding of cyber-security.
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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.
Since MYCPE ONE inception nine years ago, it has grown into a team of over 3,000 professionals across India and the Philippines. MYCPE ONE proudly partners with 100 of the top 500 accounting firms, driving success and innovation in the industry. Moreover, MYCPE ONE is a leading platform for learning and continuing education in accounting, tax, finance, and HR, catering to a broad range of qualifications including CPA, EA, CMA, SHRM, HRCI, CFE, and CFP in the U.S., and CPA and CFP in Canada, among 100+ global designations.
Key Highlights of MYCPE ONE:
Key Highlights of Continuing Education:
We are committed to creating an integrated ecosystem for accountants, providing a range of services under one umbrella. With MYCPE ONE our objective is to provide a full suite of services to CPA & Accounting firms that are not only comprehensive but also more convenient and cost-effective, as they can access all they need in one place.
Our expanded services include:
All of these services will maintain a singular focus: supporting Accountants. With MYCPE ONE, we aim to grow our onshore team to around 20 by 2025 in the U.S. and Canada. Our approach isn’t just about bundling services; it’s about adding value to each service we offer. By expanding our capabilities, will continue to partner with industry leaders to support accounting firms in improving their operations, and client service.
174 Ratings
BG
Dec 9th, 2024
Very informative about security for best practices.
JW
Mar 26th, 2024
great tips
XJ
Aug 7th, 2023
good
AL
Dec 30th, 2021
good
MH
May 31st, 2023
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1 Credit
Subject Area
