Accounting and wealth advisory firms are increasingly prime targets for cyber criminals. You’re holding highly sensitive financial and personal information, and attackers know that even a small vulnerability can have serious consequences – not just financially, but reputationally as well.
In recent years, we’ve seen a significant increase in phishing attacks, ransomware, data breaches and business email compromise impacting professional services firms. At the same time, regulatory expectations around data protection and cyber resilience continue to rise.
In this episode of TaxYak, Senior Tax Trainer George Housakos is joined by Caillin Goss, Jen Pascarl and Jacques Louw from Priority Networking and Greg Gardiner from Count.
This podcast is the first in a two part Cyber Security Series. This session focuses on the key statutory and regulatory requirements firms need to be aware of, including privacy obligations, data security expectations, and what “reasonable steps” actually means in practice.
This session will also unpack some of the most common questions we hear from accounting and wealth advisory firms, such as:
- What are my legal obligations if there’s a data breach?
- How far does my responsibility extend when using cloud providers and third-party platforms?
- What does the regulator expect in terms of governance, documentation and controls?
- And how do I balance compliance with practical, day-to-day operations?
Our aim is to give you clarity on your obligations, highlight where firms typically fall short, and help you understand why cyber security is no longer just an IT issue – it’s a core business risk.
Special Offer: Priority Networking are offering all Tax Yak listeners a $2,400 comprehensive cybersecurity assessment. This covers the Essential 8 Framework and other key cybersecurity measures, including your policies and procedures, and will help assess whether your business has the capabilities to prevent, detect and respond to cybersecurity incidents, should they occur in your business.
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