Cyber-attacks are becoming more prolific and sophisticated daily, and small to mid-market firms are a prime target. The vast majority of CPA firms are mid-market to small enterprises (SMBs). This class of business is targeted by bad actors over 50% of the time, often because they are unaware of or have not yet implemented the basics to defend themselves. 60% of SMBs that fall victim to cybercrime are out of business within a year. If they do survive, they face damage to their reputation, fines, penalties, loss of business, and civil liabilities.
With the busy season in full swing, what is a responsible CPA firm to do? Protecting taxpayer data is the law. CPA firms performing tax return preparation are handling nothing but THE most sensitive of information!
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