Click 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 […]
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Rickard Jorgensen - Posted in Cyber Liability, Cyber resources, Fraud, Phishing scams, risk management, security, sextortion, social engineering, Uncategorized
Aug, 12, 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
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Your Malpractice Insurance Policy May Not Cover You for Fraudulent Wire Transfers
by Rickard Jorgensen, FCII, ACIArb., ARM Back in July 2017 we posted a blog about a protocol to minimize the possibility of a social engineering claim (Go here for the posting). This topic has become of interest to CPAs as the number of spoofing claims has increased. A recent posting on the KnowBe4 website (go here […]
- Posted by Rickard Jorgensen
- Posted in being sued, Claims, Coverage, coverage limitations, Cyber Liability, insurance, lawsuit, Phishing scams, policy coverage, professional liability claims, social engineering, Uncategorized
- May, 02, 2018
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New Media Communication and Professional Liability Insurance
by Rickard Jorgensen, FCII, ACIArb., ARM Last week we received an inquiry from a CPAGold™ member firm regarding text messaging with clients. After discussions with Ralph Picardi the risk consultant for the CPAGold™ program and outside counsel, the consensus was use of texts to communicate with clients is not effective risk management practice. The problem […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, client communications, Client relations, file documentation, insurance, lawsuit, social media, Uncategorized
- Dec, 04, 2017
- No Comments.
Today’s Cyber Nightmare.
by Rickard Jorgensen, FCII, ACIArb., ARM. You could lose many, many hours of sleep if you read every one of the cyber articles that are being aimed at CPAs right now. However, if you haven’t thought about the risks to your firm from cyber attacks the insomnia is probably well deserved. A recent article in […]
- Posted by Rickard Jorgensen
- Posted in checklist, Cyber Liability, risk management
- Nov, 08, 2017
- No Comments.
Coverage for Theft of Clients’ Commercial Information.
by Rickard Jorgensen, FCII, ARM, ACIArb. There has been a lot of publicity about hacking attacks on CPA firms. Most recently, the big four CPA firms have been targeted by a sophisticated hack that compromised communications, documents and plans of some of their biggest clients. An article in The Guardian newspaper described an attack on […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, Client records, Client relations, Coverage, Cyber Liability, security, Uncategorized
- Nov, 08, 2017
- No Comments.
Equifax Breach – what to tell clients
We have received a number of inquiries from CPA firms asking about what advice they can give to clients to assist them to estsablish whether a client’s Personal Identifiable information has been compromise by the Equifax breach. The following is a draft of a communication that can be modified to fit the needs of your clients here. […]
- Posted by Rickard Jorgensen
- Posted in Client relations, criminal behaviour, Cyber Liability, Fraud, risk management, security, Uncategorized
- Sep, 16, 2017
- No Comments.
The Growing Insider Threat
By LIFARS Reposted from here A security threat originating from within the organization which is targeted or attacked is an insider threat. Insider attacks are rapidly increasing and becoming more prevalent in organizations. In the past year, believe insider attacks have become more frequent. Any present or former employee who at one point had access […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, being sued, criminal behaviour, Cyber Liability, Fraud, risk management, security
- Jul, 08, 2017
- No Comments.
WannaCry provides a wakeup call for more training on email exploits
Originally posted May 14th, 2017 by Paul E. Paray, Esq. here. On May 12, 2017, WannaCry ransomware infections reportedly took hold of 200,000 computer systems in 150 countries. Experts have been warning against ransomware exploits for years. The recent rise of ransomware, however, has been a function of the low cost of financial data on the dark […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Claims, Cyber Liability, Fraud, Paul Paray, professional liability claims, risk management, social engineering
- May, 15, 2017
- No Comments.
Recent Cyber Related Media (and free CE courses)
In the past months we have seen a lot of articles in the Press and webinars about Cyber liability, net protection, information security and a variety of other terms for being robbed, hacked, extorted via the internet and compliance with State notification rules to clients about a security breach. There are many sources and the […]
- Posted by Rickard Jorgensen
- Posted in Accountants' risk management, Client relations, Cyber Liability, Mediation, Uncategorized
- Apr, 25, 2016
- No Comments.
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