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1. How to take a forward-looking approach to cybersecurity   WebExclusive

BY Ken Tysiac
Although many companies are seeing cybersecurity threats rise, many lack the resources to handle these risks, a new global survey shows.Two-thirds (67%) of organizations report facing rising threats in their information security risk environment, according to EY’s Global Information Security Survey, which polled 1,825 organizations in 60 countries.More than half of the respondents (53%) said that a lack of skilled resources is one of the main difficulties they face in their information security protections.

2. Global cyberattacks rose 48% in 2014   WebExclusive

BY Samantha White
It should be no surprise amid the constant barrage of headlines about cybersecurity incidents that the number and cost of breaches is on the rise.Security incidents cost businesses an average of $2.7 million each year, according to a survey by PwC. Despite the burgeoning threat, information security is an issue that receives little involvement from the board, and security budgets decreased in the last year.

3. Data security risk: You can take it anywhere  

BY Richard Sheinis, J.D. and Sarah Beckett Ference, CPA
It has been said that with great power comes great responsibility. Mobile devices and cloud computing empower CPAs to work on an anytime, anywhere basis, but increased access demands greater responsibility for data security. A CPA’s obligation to protect client confidential data is not only governed by the AICPA Code of Professional Conduct and Internal Revenue Code Sec.

4. Harnessing the power of the cloud  

BY Jeff Drew
Technology continues to transform the accounting profession. Cloud computing and mobile devices have untethered CPAs from their desks and desktops, allowing them to do work and access data on a virtually anytime, anywhere basis. Technology continues to break down geographic and market barriers, creating unprecedented opportunities for CPA firms and for CPAs in business and industry.

5. Survey spotlights need for data and security strategies  

BY Jeff Drew
On the surface, the results of the 2013 North America Top Technology Initiatives survey show that “managing and retaining data” nudged past “securing the IT environment” to become the top technology priority cited by the nearly 2,000 accounting professionals polled. Dig a little deeper, and the evidence indicates that the emphasis on data stems at least in part from concerns about the increased security risks caused by the proliferation of mobile devices and the mass movement of confidential information to the cloud.

6. Managing cybersecurity risks   CPEDirect

BY Jeff Drew
CPA firms and other businesses need to keep cybersecurity top of mind as they look to cash in on opportunities created by the growth of mobile and cloud computing. “It’s all about managing risk,” accounting-technology expert David Cieslak, CPA/CITP, CGMA, told a packed audience during his annual Security Update session at the AICPA Practitioners Symposium and TECH+ Conference (PS/Tech), held in June in Las Vegas.

7. JofA Cybersecurity Center   WebExclusive

Cybercrime is a significant threat to CPA firms and their clients. For businesses and other organizations, the loss of customer or employee records to a cyberattack can cost millions of dollars and do significant damage to reputation and brand. Data breaches cost organizations $5.5 million per incident, or $194 per record stolen, in 2011, according to the annual Cost of Data Breach Study from the Ponemon Institute and Symantec.

8. Technology and CPAs: Visions of the future  

BY Jeff Drew
With the accounting profession undergoing perhaps its biggest technological sea change since the introduction of the personal computer three decades ago, CPAs are faced with a slew of questions. To help provide answers, the JofA asked a distinguished group of experts to identify the key technology trends that CPAs should keep top of mind over the next decade or so.

9. CPAs prioritize tech security  

BY Jeff Drew
CPAs are confident that their organizations can secure their IT networks and manage data, but they doubt whether their employers will be able to generate revenue streams and other benefits from emerging technologies such as cloud computing and mobile devices, the AICPA reported in releasing the results of its 2012 Top Technology Initiatives Survey.

10. TIGTA recommends improvements to IRS cybersecurity system   WebExclusive

BY Alistair M. Nevius
The Treasury Inspector General for Tax Administration (TIGTA) reports that the IRS’s computer security response center is performing effectively, but further improvement is needed (TIGTA Rep’t No. 2012-20-019 (3/12/12)). Part of TIGTA’s mandate is to review the adequacy and security of IRS technology. From March through September 2011, TIGTA performed an audit to evaluate the effectiveness of the IRS’s Computer Security Incident Response Center (CSIRC) at preventing, detecting, reporting, and responding to computer security incidents targeting IRS computers and data.
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