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Society's full-fledged transition to online work, in juxtaposition with increased digitalization and the overall online nature of the world, has created prime opportunities for cybercriminals such as hackers, phishers, scammers, and extortionists. What are recent trends threatening online security?
While businesses across industries are concerned with cyberattacks, some businesses, such as certified public accounting (CPA) firms, are even more vulnerable to cyber threats because of the very nature of the accounting profession.
CPA firms face many cybersecurity challenges, and the encounters with cybercrime are continuing to evolve as we have seen with the Russian-Ukraine conflict. Accounting firms have access to extremely sensitive financial information and personal data about their clients, which makes them especially vulnerable to cybercriminals, according to digital forensic experts. Below are some of the specific threats challenging CPA firms.
Cybercrime causes myriad problems for CPA firms, including financial and revenue loss, disillusioned clients, and diminished reputation if a data breach or other cyberattack occurs.
It is imperative CPA firms, regardless of size or composition, have vigorous cybersecurity protections in place. According to the Journal of Accountancy, “It may seem counterintuitive, but the risk of cyberattacks is disproportionally higher for smaller and medium-sized organizations, which tend to be much more reactive than proactive.” Cybercriminals target CPA firms with weak data security protocols. Remote work is now a consistent part of the business environment, which has essentially changed how businesses operate. CPA firms have been challenged to stay abreast of the IT infrastructure, the drastic increase in IoT devices, and the increased cleverness of cybercriminals. The following are some of the strategies CPA firms are deploying against cyberattacks in 2023.
C-suite executives and tech gurus recognize the importance of focusing energies on cybersecurity during the coming year. They also recognize that a professional, dedicated IT provider has the expertise to help with their cybersecurity challenges. A multi-layered security approach is paramount. C-suite executives and tech professionals recognize the importance of having a cloud-based solution for cybersecurity needs.
Cetrom is a well-established IT provider with the expertise and knowledge to prevent, detect, and combat destructive viruses. Cetrom’s expertise is focused 100 percent on the cybersecurity of CPA firms. Their specialty is hosting accounting-specific operations. Contact Cetrom today to learn more about how we can help answer your cybersecurity questions.
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