Cyber attacks

AI-guided impersonation attacks have become both more numerous and more sophisticated as the technology improves, and will likely not abate anytime soon.

Cyberthieves use a variety of techniques, or attack vectors, to gain access to a firm's systems.

Sax LLP, a top 100 firm, concluded its investigation after a data breach in 2024 and determined that the personal data of as many as 220,000 people has been exposed.

Why exfiltration prevention is now a compliance imperative for accounting firms

Recent data from RSM says large companies made only 2% of cyber insurance claims but accounted for 51% of all incident costs.

Take action now to arm your employees with education, awareness, and reminders.

Don't be lulled into a false sense of comfort that your firm (or your clients) are too small or too large to be attacked. Firms remain a tempting target.

The VeritShield service offering is designed to help firms actively build and maintain a Written Information Security Program as required by the IRS.

Gen AI is now capable of producing fake documents realistic enough to fool automated systems, creating new opportunities for fraud and new challenges for those trying to prevent it.

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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.