Hack, cyber, security

“Time is not your friend” in new regulation for accountants

Around one in seven accounting firms have reported being hacked, but despite growing concerns over cyber security and a looming deadline, practitioners are yet to implement systems and processes expected of the regulators.

Smithink’s ATSA 2017 technology survey found that 14 per cent of firms had reported being hacked, with cyber criminals targeting accounting systems to steal employee details for identity theft, alongside obtaining tax return data, and “lodging employee tax returns to steal PAYG”.

Read the full article on Accountants Daily.

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