By Stephen F. Mankowski, CPA, CGMA
Like last year when COVID-19 struck, CPAs are again facing a tax filing season with a very strong likelihood of continued teleworking. We had to adapt quickly in March 2020, and more than a few practitioners were hacked.
Because our practices deal with personal identifying information (PII), we are required to have a written data security plan. We can use IRS Publication 4557, Safeguarding Taxpayer Data: A Guide for Your Business, as a starting point. Publication 4557 provides a framework for creating a data security plan as well as the minimum required under National Institute of Standards and Technology standards. In addition, if you have not already done so, you should strongly consider a cybersecurity insurance policy. Cybersecurity was an issue in 2020 and will continue to be an issue in 2021.
Be proactive on cybersecurity within your firm. The Tax Professional Work Group of the IRS Security Summit issued a Taxes-Security-Together Checklist. Here are a few key security features for your consideration.
In closing, I urge you to maintain some basic cyberhygiene as good security habits. For instance, never continue to use default password, especially on your routers, virtual private networks, etc. These simple codes are often an easy pathway for hackers to enter your system. Also, set up guest networks in your offices and homes. Guest networks allow access to Wi-Fi while providing an additional firewall to prevent access to your data. Companywide and at home, make sure all software is running the latest versions. These patches often fix bugs that could allow unwanted access to your systems. Finally – and I know I alluded to it above in the email scams section – be very careful when opening emails with attachments. This is especially important on mobile phones where the sender email address is often masked.
Stephen F. Mankowski, CPA, CGMA, is owner of Mankowski Associates CPA LLC in Hatboro. He can be reached at smankowski@mankowskicpa.com.
Sign up for weekly professional and technical updates from PICPA's blogs, podcasts, and discussion board topics by completing this form.
Order by
Newest on top Oldest on top