Cybersecurity Risk Assessment Services For CPAs in Orange County CA

If you are a CPA, protecting yourself against cybercrime by using effective cybersecurity for CPAs should be a prime concern. Yet before you can ward off these threats and adopt the best practices for CPAs concerning cybersecurity, you must first know what cybercrime is and how to identify it.

Once you understand cybercrime, you can appreciate the value that cybersecurity managed services for CPAs provides and how they can help keep your business safe.

What Is Cybercrime?

According to the FBI, cybercrime is quoted to be “an intended illegal act involving the use of computers or other technologies.” These crimes include three important components:

  • The tools and necessities required to carry out a cybercrime.
  • The plan or strategy to commit that crime.
  • The ending results of that plan after it is executed.

More simply stated, cybercrime is when criminals illegally access data over the internet and use it to carry out a variety of illegal activities which CPA cybersecurity managed services know can put your operation and clients in jeopardy.

Most Common Types of Cybercrime

There are many ways that cybercriminals can affect you and your clients today if you do not have appropriate cybersecurity for CPAs. Among them, the following are the most common crimes being committed:

  • Electronic Funds Transfer Fraud - Also known as corporate account takeover, this is the most common crime being committed today. It involves the use of illegally obtained login credentials, hacking of computers that have access to financial accounts, then transferring funds to another account. CPAs and other financial businesses are especially at risk, making good cybersecurity practices essential to prevent attack.
  • Identity Theft - The second most committed cybercrime involves the access and theft of personal information that is then used maliciously to make purchases, to open credit accounts, and as identification for a myriad of other reasons. CPA businesses and other companies are at risk unless they use the right cybersecurity managed services to help them as they collect and manage personal client information.
  • Data Theft - Similar to identity theft, data theft involves the access and theft of information such as credit cards, trade secrets, business, employee and customer records, intellectual property, and other sensitive data stored by businesses. Smaller businesses like CPAs may suffer financial and legal losses as well as reputation damage if you do not practice the best cybersecurity practices.   
  • Ransomware Attacks - Another serious threat and one that has been growing in recent years is ransomware attacks that encrypt business computers, then demand payment of a ransom to decrypt them. These malicious programs can install themselves very quickly on systems not protected by the most current cybersecurity, rendering computers and their data inaccessible while seriously disrupting business. Payment of the ransom does not guarantee data recovery.

Although cybercrime affects businesses of all sizes, CPAs and other small businesses are especially vulnerable. Employing the best cybersecurity practices requires both understanding and identifying the risks as well as knowing what type of cybersecurity managed services for CPAs are required. Learn how you can prevent cybercrime with the right cybersecurity for CPAs in the second part of this series!

Need Cybersecurity For CPAs In Orange County CA?

Intelecis Offers Cybersecurity Managed Services For CPAs!

Call (949) 335-6410!