Cyber Security and CPA’s (Part 1)…………………
How It Affects Taxpayers

Steve Cook, CPA
last updated July 18, 2021

cyber-security

The following information is taken from Accounting Today (07/16/2021).

THE PROBLEM:
The Internal Revenue Service launched a campaign this summer to persuade tax professionals to improve their cybersecurity amid an escalating series of ransomware attacks around the world.

The IRS is partnering with state tax authorities and the tax industry in its Security Summit group as part of the summer cybersecurity campaign. The IRS said it has seen the number of data thefts reported by tax professionals on the rise this year. Through June 30, 2021, there have been 222 data theft reports reported by tax professionals to the IRS, outpacing the rate of 211 in 2020 and 124 in 2019. The IRS noted that each report can affect hundreds of taxpayers and threaten the tax professional’s business.

The campaign, “Boost Security Immunity: Fighting Against Identity Theft” will encourage tax pros to take basic actions to stop data theft from their offices. This is the sixth year that the Security Summit partners have raised awareness about cybersecurity issues.

Tax professionals are often targeted for cyberattacks and hacking by criminal syndicates that are technologically savvy and well-funded. The cybercriminals either trick or hack their way into a tax pro’s computer systems to access client data. They can then use stolen data to file fraudulent tax returns that make it hard for the IRS and the states to detect because the false returns use real financial information.

THE SOLUTION:
At Stephen W Cook, CPA, PLLC and Lucy On The Go, LLC (our bookkeeping and payroll group), we
are addressing this issue. While our current system is secure, we are currently in the process of upgrading our portal/email system to a higher level. The new system from Canopy Software is designed to store documents and shuttle documents at the most secure fashion currently available. The new system also provides a secure email platform. We are excited and anxious to get this product online.

4-our-guy-with-thumbs-up_transparentbg_440x440px

Let Lucy get your books tax-ready.

Skip the stress. I’ll do your bookkeeping for you.

Let’s Get Started – It’s Free!

steeve-cook

Steve Cook is CPA (Certified Public Accountant) with almost 40 years expert saving his client money while keeping out of IRS trouble. He’s the President of LucyOnTheGo.com, which will completely taking care of bookkeeping, so you can your run business. Sign-up for a free consultation with him or give him a call (210) 405-8747 – he’ll actually pick-up.

payroll-header