Posts Tagged ‘security’
The Rise of Deepfakes: Protecting Your FirmÂ
Deepfakes are changing how we perceive online content, presenting significant challenges for accounting firms. Deepfakes are a type of digital fraud that is made possible by advanced AI algorithms. It come from the words “deep learning” and “fake“. These deepfakes can convincingly alter images, audio, and video, creating material that appears authentic but is, in…
Read MoreThe Dark Side of Artificial Intelligence
While AI has revolutionized countless industries (accounting included), it’s not all sunshine and rainbows. The very attributes that make AI so helpful — its ability to learn, adapt, and act independently — can also be harnessed for malicious purposes.
Read MoreUnleash the Power of Multi-Factor Magic!
Let’s start with a fun tidbit: Did you know that an average person has about 100 passwords? It’s like having a different key for every door in a massive mansion! Now, consider how often passwords get misplaced or, worse, stolen. That’s where the magic of Multi-Factor Authentication (MFA) shines bright for modern accounting firms.
Read MoreMicrosoft Security Copilot: Your AI-Driven Cybersecurity Ally
In the last few years, Microsoft has made significant long-term commitments to developing artificial intelligence (AI) capabilities in the company’s suite of business software. Microsoft’s leaders see in AI the same kind of transformative potential that the development of high-speed, affordable internet ushered in during the late ’90s and early 2000s. If experts’ predictions hold,…
Read More10 Common Cybersecurity Mistakes Accounting Firms Make
Since the beginning of 2021, there has been a 102% increase in ransomware attacks compared to last year, according to cyber security firm Check Point Software. Unfortunately, small and medium-sized accounting firms are a primary target for these attacks, given their lack of sophisticated security infrastructure. Given this reality, every employee in your firm must…
Read More4 Technology Trends that Will Transform the Accounting Industry
At the beginning of 2020, accounting professionals realized for the first time that their jobs were entering the 21st century. The advancements in technology and computing operations brought new life to accountancy. Stacks of ledgers and old manual processes are being replaced with modern accounting software and tech stacks. The digital transformation has allowed accounting firms to…
Read MoreHow Outsourced IT Can Help Your Accounting Firm GrowÂ
Accounting firms and CPAs are tax and finance experts. Few comprehend the complexities of an IT infrastructure and what it takes to have a tech stack capable of managing the many facets of running an accounting practice.  There are roughly 46,000 accounting firms in America, and the 500th largest firm only has 20 employees. Small to…
Read MoreThe Tax Software Checklist: Does Your Accounting Software Check All the Boxes?
Investing in the right technology is critical for accountants for several reasons. They need accounting software that checks all of the boxes, including data protection, ease of use, and scalability. These are just a few essentials on the tax software checklist.  With a tax software market valuation of $33.6 billion expected by 2030, it is obvious there…
Read MoreMicrosoft 365 – Four Features Accountants Should Be Using
As the digital transformation drives companies to move most operations into cloud computing, the transition continues to be a challenge for many professionals. Those within the accounting industry are particularly struggling with adopting newer technology. The good news is that Microsoft 365 (M365) – formerly Office 365 – has many advanced features that specifically help accounting…
Read MoreTypes of Cyberattacks & How Your Firm Can Prevent Them
Data security is vital for accounting firms because of the sensitive data that they manage every single day. The most common cyberattacks require prevention methods that mitigate these data breaches. It can take more than half a year for a company to detect a data breach, and it can take even longer to restore data security. The…
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