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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.
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.
Entigrity is a leading offshore staffing solutions provider to 600+ accounting and tax firms situated across the US, CA, and the UK). The company helps small and mid-sized accounting firms hire qualified and experienced offshore staff that works from our offices in India.
Headquartered in Sugar Land, TX, Entigrity has 7 offshore offices located across India; 3 of them in Ahmedabad and 1 each in Indore, Vadodara, Rajkot & Kochi. They are an ISO 27001:2013 certified organization for information security and ISO 9001:2013 certification for quality management. They exceed the standard compliances for best business practices in terms of information security and quality management. Entigrity has provided consultation/advice to over 3000 accountants and assisted them in converting some of their core challenges into opportunities.
162 Ratings
JW
Mar 26th, 2024
great tips
XJ
Aug 7th, 2023
good
AL
Dec 30th, 2021
good
MH
May 31st, 2023
.
PO
Dec 27th, 2021
1
1 Credit
Subject Area
