Cyber attacks

A recent study looked at the impact of the European Union's General Data Protection Regulation and found that firms lost some value but, at the same time, suffered fewer data breaches.

After 500 internal penetration tests conducted from 2021-2023, RSM professionals found only 1.6% of organizations had no vulnerabilities at all. Most had around eight.

An international coalition of tax authorities has released a list of possible risk indicators for cryptocurrency-related crimes, many of which have to do with privacy and anonymity.

Given the financial and reputational repercussions, accounting firms must look for advanced solutions to stay ahead of cybercriminals. One is opting for managed security services.

Not only are ransomware attacks growing dramatically, 90% of IT decision-makers have made at least one payment in the last year.

The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.

If an affected business has a cybersecurity incident and is found to be noncompliant, the owner can be subject to civil or criminal prosecution.

Tax cuts losing steam; cyberattack follow-up; introducing the CSR; and other highlights from our favorite tax bloggers.

Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.

What can firms do to minimize the risk of being the victim of a cyberattack? Here are five key security tips to protect your firm this busy season.