IMPACT 102: 8 Steps to Breach Preparedness

If there was ever any doubt about the importance of data security, consider that the total number of breaches does not appear to be slowing down in the least. Since 2005, the total number has grown from about 580 million records in 2011 to about 870 million in 2014, and more than 250 million of those records have occurred from 574 breaches in the financial and insurance services sector, according to Privacy Rights Clearinghouse (https://www.privacyrights.org/data-breach/new).

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Latest Articles

  • 21 Aug

    Preparing for the Next Recession

    Economic conditions historically have a significant impact on CPA professional liability claims. When the economy is doing well, and businesses are relatively flush with money, people are less likely to notice funds missing. Fraud therefore tends to flourish and go undetected in good times... read more

  • 10 Jul

    Trustee Red Flags and Best Practices

    Many clients look to CPAs as the natural choice to fulfill the trustee role, manage the assets, and carry out client wishes. For CPAs good at managing and minimizing the unique risk attributes of a trustee role, trustee work can be satisfying and rewarding. On the other hand, if a CPA unde... read more

  • 13 Jun

    Report potential claims and claims as early as possible

    CPAs are often so busy that they don't recognize or acknowledge a potential claim as it is developing. This can be particularly devastating when the damages claimed are significant and are not covered because of late reporting. It's important to pay attention to potential issues and to rep... read more