Safeguarding Data: Requirements and Resources

BY SIMON PETRAVICK AND STEPHEN G. KERR

Editor's note: This is a sidebar for " Protect Your Portable Data - Always and Everywhere ."

 

CPAs should understand their ethical, legal and regulatory responsibilities to safeguard data. The following listings direct you to primary sources:

 

LAWS, REGULATIONS

 

  Federal laws

  • Federal Trade Commission, Gramm-Leach-Bliley Act, Disclosure of Nonpublic Personal Information, tinyurl.com/8k3e6
  • Department of Commerce, National Institute of Standards and Technology, Federal Information Processing Standards (FIPS), csrc.nist.gov/publications/PubsFIPS.html
  • Department of Education, Family Educational Rights and Privacy Act (FERPA), tinyurl.com/3ydvw
  • Department of Health and Human Services, Office for Civil Rights, Health Insurance Portability and Accountability Act (HIPAA), www.hhs.gov/ocr/hipaa

 

  State and local laws

  • AICPA tally of states and territories that have enacted legislation governing data security breaches, tinyurl.com/bdy9wq. At this writing, 44 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands had done so.

 

RESOURCES

 

  Federal Trade Commission (FTC). The FTC’s information for businesses can help you enhance compliance with the law. Also, see regulatory guidance and law enforcement information from the FTC’s Bureau of Consumer Protection, as well as a catalog of cases brought by the agency and a list of all Commission actions (http://www.ftc.gov/bcp/resources.shtml). Other useful FTC publications include:

 

  Privacy Rights Clearinghouse. Practical information on privacy violations and other issues related to data security breaches, www.privacyrights.org

 

CHECKLIST

Boost your LinkedIn profile

LinkedIn is No. 1 when it comes to business-related social media. Be prepared when an unexpected career opportunity arises by following these tips for keeping your LinkedIn page current.

PRACTICE MANAGEMENT

Millennial women: How to woo a new generation of employees

Ambitious, educated, and tech-savvy, Millennial women make ideal employees. Win them over with flexibility and clear paths to advancement.

PROFESSIONAL ISSUES

Belicia Cespedes: A CPA at 17

Through hard work and determination, Belicia Cespedes earned the credential before she was even eligible to vote.