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Industry News: 4 ways to build resilience to digital risks in the COVID-19 era

4 ways to build resilience to digital risks in the COVID-19 era   By 2026, almost 26% of the world’s GDP could be based on internet-based and digitally-connected industries. Seizing digital opportunities begins with an understanding of digital risk; at a minimum, companies need to understand their total exposure. Following key principles of digital risk … Read more

Industry News: Researchers Say Machine Learning Boosts Defense Against Multi-Stage Cyber Attacks

Researchers Say Machine Learning Boosts Defense Against Multi-Stage Cyber Attacks February 8, 2021 A machine learning algorithm may give organizations a powerful and cost-effective tool for defending against attacks on vulnerable computer networks and cyber-infrastructure, often called zero-day attacks, according to researchers. These zero-day attacks can quickly overwhelm traditional defenses, resulting in billions of dollars … Read more

Industry News: Three cybercrime trends to prepare for in 2021

Three cybercrime trends to prepare for in 2021 Cyber breaches have become more common threats for businesses. The COVID-19 pandemic accelerated the digitalization of many companies and a shift to remote working. That increased first-quarter cybercrime 273% $8.64 million per breachnearly a third  in 2020 compared to 2019. The new and innovative ways hackers found to steal … Read more

Industry News: Have you heard about the ‘2021 Black CPA Centennial’ campaign?

Have you heard about the ‘2021 Black CPA Centennial’ campaign? As February marks the beginning of Black History Month, organizations across the accounting profession have marked the occasion by commemorating the 100th anniversary of John Cromwell Jr. becoming the first registered Black CPA with a new yearlong diversity program. On Monday, a number of prominent … Read more

Industry News: Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients

Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients As some of your business clients prepare to reopen their doors while ensuring the safety of their employees and customers, it’s your job to nudge them to start gathering their tax documents and financials for the April deadline. As some … Read more

Industry News: Beware of identity theft scam involving unemployment benefits

Beware of identity theft scam involving unemployment benefits The IRS is warning taxpayers of an identity theft scam involving fraudulent claims for state unemployment benefits. Identity thieves are reportedly using stolen personal information to file for and receive unemployment benefits. This scam has proliferated during the COVID-19 pandemic as unemployment claims in general have skyrocketed. … Read more