Click Cybercrime Uses Social Engineering Techniques to Steal Employee Credentials and Commit Payroll Diversion
By Rickard Jorgensen, FCII, ARM, ACIArb Recent developments clearly shows the urgent need for security awareness training. The FBI warned September 18, 2018 about new criminal campaigns that target the online payroll accounts of employees in a variety of industries. METHODOLOGIES “Cybercriminals target employees through phishing emails designed to capture an employee’s login credentials. Once […]
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Rickard Jorgensen - Posted in Cyber Liability, Cyber resources, Fraud, Phishing scams, social engineering, Uncategorized
Oct, 03, 2018
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Using the engagement letter to reduce cyber liability exposure
By Nick Matarazzo In this digital age, accountants are being forced to deal with all sorts of cyber threats. A well-worded engagement letter can help guard you against a cyber-related liability claim from your client and minimize your overall firm liability. Even if you are careful about your clients’ data, you may still be held […]
- Posted by Rickard Jorgensen
- Posted in Cyber Liability, Cyber resources, engagement letters, engagement letters, professional liability claims, risk management, security, Uncategorized
- Oct, 03, 2018
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Early Notice to insurers and claims mitigation has many benefits
by Rickard Jorgensen, FCII, ARM, ACIArb. From a purely risk management perspective, bringing your insurer into the claims process is extremely prudent and can save you a lot of money. The following outlines reasons why you should contact your malpractice insurer or insurance agent: Reporting a potential claim enables your malpractice insurer to work on […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, being sued, Claims, claims notification, due diligence, insurance, policy coverage, professional liability claims, risk management, Uncategorized
- Oct, 03, 2018
- No Comments.
Fundamental Coverage Deficiency – delayed notice of claims
by Rickard Jorgensen, FCII, ARM, ACIArb WHY IS THIS IMPORTANT – if you have a multi-partner or multi-office firm and communication regarding potential claims might be delayed, then it is important to ensure that your insurer will not deny coverage if you don’t advise a potential claim until after the renewal date. —————————————————————————————————————— When reviewing the […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, Bad policies, Claims, claims notification, Coverage, coverage limitations, known claims exclusion, policy wording, prior acts coverage, professional liability claims, Uncategorized
- Sep, 10, 2018
- No Comments.
SEXTORTION – a new aspect to cyber crime and CPAs.
by Rickard Jorgensen, FCII, ARM, ACIArb Sextortion attacks against professional firms, including CPAs, are not uncommon and increasing in frequency. Sextortion is a form of blackmail in which sexual information or images are used to extort sexual favors or cash from the victim. The FBI offers an explantion of this new crime here. However, recently […]
- Posted by Rickard Jorgensen
- Posted in Cyber Liability, Cyber resources, Fraud, Phishing scams, risk management, security, sextortion, social engineering, Uncategorized
- Aug, 12, 2018
- No Comments.
Why Full Tort coverage is crucial for CPAs.
The first accountants’ professional liability insurance policy was written in the late 1930s following the decision in Ultramares Corporation v. Touche, 174 N.E. 441 (1932). Coverage was basic – limiting the risks insured to claims made by clients arising from negligence acts. In fact, the doctrine of negligence arose from the Scottish law case of […]
- Posted by Rickard Jorgensen
- Posted in Accountants' risk management, Bad policies, being sued, Coverage, coverage limitations, full tort coverage, insurance, negligence only policy, policy coverage, professional liability claims, Uncategorized
- Aug, 12, 2018
- No Comments.
The European Union’s General Data Protection Regulation ["GDPR']: A Brief Primer
Think American-based companies can rest easy for the time being until regulation is enacted stateside? Think again. The GDPR’s territorial reach is not limited — and penalties can be colossal. See the following guest article from our friends at Goldberg Segalla. By Colin B. Willmott. Go here for a bio. Even putting aside the U.S. Senate’s recent […]
Read More- Posted by Rickard Jorgensen
- Posted in Uncategorized
- Jul, 05, 2018
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Smoke in our Eyes: Cannabis and Accounting Services
By Rickard Jorgensen, FCII, ARM, ACIArb. Coverage for firms that provide services to cannabis growers, dispensaries and related activities has been a frequent question to the CPAGold hotline and our agents. The marijuana related businesses require the expertise of a skilled CPA and to help pay their (not insignificant) taxes and comply with local business […]
Read More- Posted by Rickard Jorgensen
- Posted in Uncategorized
- Jul, 05, 2018
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Best Practices to Keep Your Firm’s Accounting Software Secure
By guest blogger – Ella Watson. Data is one of the most valuable commodities today. Aside from being used by companies as basis for all kinds of business strategies, it is also what powers most of today’s transformative technologies, such as artificial intelligence, automation tools, and analytics. With big data’s growing importance, several strategic processes […]
- Posted by Rickard Jorgensen
- Posted in Uncategorized
- Jun, 21, 2018
- No Comments.
Comparing Cyber Insurance Policies
I know this is a little off topic as regards CPA professional liability insurance but cyber attacks are increasing in frequency and size (dollar value). At least monthly (and some times more) we receive calls from panicked firms because of a cyber attack. Good risk management is the best way to reduce the impact of cyber […]
- Posted by Rickard Jorgensen
- Posted in Cyber Liability, Cyber resources, Phishing scams, policy coverage, policy wording, prior acts coverage, social engineering, social media, Uncategorized
- Jun, 06, 2018
- Comments Off
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