Data security

Accounting practices that are not already taking cybersecurity seriously need to make it a top priority now.

Data indicates that over 5 million people have had malware steal their personal information and put up for sale for scammers.

In addition to safeguarding their own data, accountants must also maintain security at their firms, and keep client data secure.

A recent report from AuditBoard says that cybersecurity and data privacy are among the key risks facing internal auditors today.

Audit committees are including more disclosures within proxy statements, but there's a disconnect between what investors expect and what companies are willing to disclose.

The Treasury Inspector General for Tax Administration said the Internal Revenue Service has been successful at preventing ransomware attacks on its systems.

Plus, Bill completes its acquisition of Finmark; TaxFyle is named to Deloitte's Technology Fast 500; and other news in accounting technology.

The cloud security solutions provider announced the release of DSM Explorer, the free version of its Data Security Manager software.

The Financial Crimes Enforcement Network found that there had been at least 1,251 ransomware-related incidents last year, compared to 602 incidents reported in 2020.

A new launch from Intuit, and nine other developments in technology this past month and how they'll impact your clients and your firm.