Keeping Taxpayer Data Secure ON DEMAND

Overview

The annual global cost of cybercrime is high and getting higher all the time. In the United States alone, the FBI received reports of 880,418 cybercrime complaints involving $10.4 billion in 2023. Certain business organizations are charged by the FTC with taking particular steps to protect their customers’ financial information. Included in the category of financial institutions are professional tax preparers. Professional tax preparers normally maintain a significant amount of taxpayer information in various files that would be a treasure trove for cyber criminals. In this course, tax preparers are introduced to the problem of cybercrime and its costs, offered methods that can be expected to reduce the chances of becoming a cybercrime victim, and informed of proper steps to take if they do become victims of cybercrime.

Highlights

The nature of cybercrime. Staying current on cyberthreats and avoidance strategies. The Gramm-Leach-Bliley financial modernization act. Penalties for unauthorized disclosure or use of taxpayer information. Probability of experiencing a data breach. Ensuring data securing. Identifying the risks and their impact, and more.

Prerequisites

None.

Designed For

CPAs.

Objectives

Identify the source of the most frequent type of malicious access to a firm’s taxpayer information. List the most common types of cyber attacks. Describe how a denial-of-service attack operates to impede business operations. Recognize the dangers of Trojan horses, and more.

Preparation

None.

Notice

None.