CPA firms, particularly smaller ones, often have cybersecurity weaknesses that hackers can exploit. As mentioned in our last blog, a 2022 survey by CPA Practice Advisor found that only 40% of CPA firms had a comprehensive cybersecurity plan in place! The AICPA published an article stating, “Cybersecurity isn’t an option for CPAs – it’s a necessity.” In order to understand … Read More
Cybersecurity for CPAs – Why do cybercriminals attack CPA firms?
A 2022 survey by CPA Practice Advisor found that only 40% of CPA firms had a comprehensive cybersecurity plan in place. Another report from 2022 (this one conducted by the AICPA) indicated that 25% of CPA firms experienced a data breach within the last two years. Cybercriminals target CPA firms because of the valuable and sensitive data they handle. Cybercriminals … Read More
Cybersecurity for CPAs – What cybersecurity features should a CPA firm leverage
A CPA firm should implement robust cybersecurity protections to safeguard sensitive client data, comply with legal and regulatory requirements, and protect its reputation. Not only are there strict legal obligations to which companies must comply, there is the moral obligation CPA firms have to protect client data. Below, we have broken down key cybersecurity protections and the reasons they are … Read More
Cybersecurity for CPAs – What are the federal cybersecurity requirements for CPA firms?
There are a lot of companies offering “one-size-fits-all” cybersecurity solutions, but what do CPA firms actually need? CPA firms are subject to various federal cybersecurity laws depending on the services they provide, the types of clients they support, and the types of data they handle. The size of the firm can impact the specific portions of various laws a firm … Read More