Ransomware

Wojeski & Co. has reached a $60,000 settlement with New York Attorney General Letitia James after it was hit by two data breaches and ransomware attacks.

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

People shelled out over $1 billion in ransomware payments last year.

Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

The hacking gang has added more names to its lists of alleged victims from a recent campaign that exploited a vulnerability in a popular file-transfer product.

In June's Cybersecurity for CPAs, we learn that even large companies with strong security can still fall prey to a phishing attack.

The Criminal Investigation unit is helping Ukraine's cyber police uncover efforts by Russia to fund the war through cryptocurrency.

In this month's Cybersecurity for CPAs, we explore just how expensive one single click can be.

Over two-thirds of respondents in a survey said they wouldn't pay, but in reality, over three-quarters of ransomware victims do.

Phishing scams, ransomware attacks, data breaches, insider threats and regulatory noncompliance are all risks that firms must urgently track and prepare to mitigate.

EITC education; onboarding is key; expats on the rise; and other highlights from our favorite tax bloggers.

How much to increase your prices; latest ransomware; marketing on social media; and other highlights from our favorite tax bloggers.

Cryptocurrency-enabled cybercrimes are growing in sophistication, aided by criminal groups that increasingly mimic legitimate corporate structures.

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

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

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 recent analysis has found that the United States suffers more ransomware attacks than any other country.

Scare tactics about the IRS; marketing for one; a new blog; and other highlights from our favorite tax bloggers.

Accountants aren't the only ones interested in software-as-a-service models. Criminal hackers are too, and have already made platforms for people to custom-build their own ransomware campaigns.

With the market for these policies hardening, accounting firms need to be proactive to get covered.