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Accounting Firms Must Prioritize Cybersecurity

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Many different organizations hold confidential information like healthcare and that is why accounting firms must prioritize cybersecurity in order to protect their sensitive data. PWC Canada recently released The State of Cybersecurity and Privacy and the stats were alarming. Here are some numbers to consider when thinking about why accounting first must prioritize cybersecurity.

  • 80 percent of Canadian CEOs are concerned about cyber security as a threat to their growth prospects.
  • 90 percent of Canadian CEOs are aware that the increasing complexity of threats is having an impact in shaping their cyber security strategy.

When so many CEOs have these concerns about cybersecurity, it is only natural they expect their business partners such as accounting firms to have the same concerns.

It is understood that accounting firms are a very important part of the Canadian economy. These accounting firms are tasked with many duties including how they handle financial data including taxes. Due to this important role, it makes accounting firms a prime target for cyberattacks.

Why accounting firms must prioritize cybersecurity?

Most organizations are not looking to be the headline of the next cyberattack. Organizations spend a lot of money on their cybersecurity plan. To hackers, they look at everyone involved, and accounting firms are high and the list as they have access to a lot of personal information as well as multiple organizations.

What is the best approach towards cybersecurity for accounting firms?

The majority of accounting firms…

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