Security

Most organizations today assume that their IT personnel do an adequate job of protecting the firm’s network and data by implementing and monitoring firewalls, keeping their operating systems/applications up to date, and mandating password changes on a scheduled basis.

The perceived and real risk of outsourcing also seems to be increasing daily. News media and published reports frequently highlight cases of data breaches through rogue employees, hackers, and lost/stolen devices.

Accounting professionals are like any other information worker – currently trying to keep their head above water and fight the incoming tide of digital documentation.

Someone in your firm needs to be literate on security and managing your risk. The number of security risks are increasing.

E-commerce security startup Payfont, led by credit card and banking industry expert Dr. David Lanc, has released a beta version of its comprehensive patented system for securing personal and financial identity, available now to banks, e-commerce processors, credit card companies, and their consumers and merchants.

In the first report of its kind, California state Attorney General Kamala Harris said 2.5 million state residents had Social Security numbers, credit card and bank accounts and other sensitive information exposed in 131 data breaches.

In the wake of the resignation of the IRS Commissioner for the agency’s alleged targeting of conservative organizations, there is this chilling IRS policy position that the ACLU recently discovered:

CIOs are assuming more strategic roles based on evolving risks and opportunities