Cybercrime

Practice

PwC Survey: No Let Up In Fraud at US Companies

Forty-five percent of organizations in the United States experienced some type of fraud in the past two years, more than the global average of 37 percent, according to a recent global survey from Big Four firm PwC. In addition, two types of economic crimes are particularly on the rise: accounting fraud and bribery and corruption.
Technology

NSBA Survey: Cyberattacks Concern Small Business Owners

The overwhelming majority of small business owners recently surveyed by the National Small Business Association (NSBA) are worried about the security of their IT and online properties.
A&A

Public Company Boards Skeptical of PCAOB Auditor's Report Proposal

Almost half of public company board members surveyed do not think the PCAOB's proposed changes to enhance the auditor's reporting model will improve its usefulness, according to a new survey from BDO USA, LLP.
Technology

Survey: Most Tax Pros Lack Knowledge about Cyberattacks

When it comes to risks associated with cyber incidents, a majority of tax professionals do not have a firm grasp of what it takes to prevent attacks on their data, according to a new survey from the Travelers Companies Inc.
Technology

Firms Must Also Look Internally to Keep Their IT Systems Secure

While you might think your IT systems are safe and secure, think again. One of the greatest security threats comes from a firm's own staff. Learn five ways your staff can wreck your IT systems and cost your business in lost productivity.
Tax

IRS Announces "Dirty Dozen" Tax Scams – Identity Theft Is Top Threat

The IRS has issued its annual "Dirty Dozen" list of tax scams for 2013 to remind taxpayers to use caution during tax season to protect themselves against a wide range of schemes, ranging from identity theft to impersonation of charitable organizations.
Tax

GAO Takes IRS to Task on Information Security Control Lapses

Although the IRS has continued to make progress in addressing information security control weaknesses, the Government Accountability Office (GAO) said in a March 2013 report that "serious weaknesses remain."
Tax

IRS Warns Tax Preparers to Review Their Safeguards for Client Data

In a March 18 e-mail, the IRS warned tax preparation professionals that the security of taxpayer accounts and personal information should be a top priority, as referenced in Revenue Procedure 2007-40, which outlines the obligations of IRS e-file providers.
A&A

New Report Shows Changing Fraud Environment

The latest Kroll "Global Fraud Report" shows the incidence and cost of fraud have decreased over the last year, yet fraud still remains an important issue for all companies around the world. And a DOJ suit against Standard & Poor's highlights the need for oversight of the credit rating industry.
Technology

Tips to Help Prevent Identity and Data Theft

Information security is a 24-7, year-round job. Failing to properly monitor and respond in real time to threats exposes organizations, clients, and business partners to risks that could do significant harm to their companies.
Technology

Cyberattacks and Hacktivism – Take Cover!

Cybersecurity experts at Deloitte are warning that when it comes to cyberattacks, it's not a question of "if" but "when." A new study shows 88 percent of technology, media, and telecommunications companies don't think they're vulnerable.
A&A

Small Businesses Unprepared for Data Breach

Data breach events are a growing risk for small businesses, but only a small percentage of companies with fewer than 250 employees have policies and procedures in place to protect against online intrusions.
Technology

Companies Struggle to Keep Pace with Information Security Solutions

Organizations need to fundamentally shift their approach to information security in order to meet the threats presented by existing and emerging technologies, according to recent research.
Election 2012

Romney Tax Return Theft Likely a Hoax

Just when you thought American politics couldn't get any more bizarre or sink any lower, it has. If claims can be believed, information thieves penetrated the walls of PricewaterhouseCoopers and took "hostages."
Tax

Fraudulent AICPA E-mail Targets CPAs

A fraudulent e-mail phishing scam was sent to CPAs, non-CPAs, and the general public on July 19 accusing the recipients of tax refund fraud and threatening license suspension.
Tax

TIGTA Report: IRS Computer Security Center Effective, Could Be Better

The CSIRC, which is responsible for monitoring the IRS network for cyber attacks and computer vulnerabilities, "is effectively performing most of its responsibilities for preventing, detecting, and responding to computer security incidents," according to a new report publicly released by TIGTA.
AccountingWEB Life

Cybercrime - No One Is Immune

Organizations and their managers need to take cybercrime seriously. According to PricewaterhouseCoopers' economic crime report, "Cybercrime: Protecting Against the Growing Threat," businesses face serious threats from cybercriminals, from both within and outside their organizations. The PwC report warns that cybercrime one of today's top four economic crimes.