Keeping Taxpayer Data Secure ON DEMAND

Overview

The annual global cost of cybercrime is high and getting higher all the time. In fact, cyber criminals reap a windfall from their activities that is estimated to have been $450 billion in 2015 and is anticipated to climb to an annual $10.5 trillion average by 2025. In the United States alone, the FBI received reports of 791,790 complaints involving $4.2 billion in 2020. Almost all of that cybercrime began with-and continues to start with-a social engineering concept known as “phishing.” In this course, tax preparers are introduced to the problem of cybercrime and its costs, offers 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. Accordingly, it will examine cybercrime.

Highlights

The nature of cybercrime. Staying current on cyberthreats. The Gramm-Leach-Bliley Financial Modernization Act. Probability of experiencing a data breach. Ensuring data security. Identifying the risks and their impact. Best practice. What to do when a data breach occurs.

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-attack. Describe how a denial-of-service attack operates to impede business operations. Recognize the dangers of Trojan horses, and more.

Preparation

None.

Notice

None.