Because CPA firms have access to important and valuable information, they are one-stop shops for cybercriminals.
A new study recently found that as many as 69% of financial institutions globally have experienced a cyberattack in their lifetime, while nearly half reported experiencing an attack in the prior 12 months.
The effects of a cybersecurity incident can be far-reaching and expensive. The average cost of a data breach is $3.92 million, according to one report.
Since existing threats are continuously evolving and new threats are appearing almost daily, firms need to maintain strong cybersecurity protections. These steps can help.