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Feb 9, 2022

According to the FBI, cybercrime has increased by 300% since the start of the COVID-19 pandemic. Now, more crucial than ever, tax practitioners need to remain vigilant and one step ahead of cybercriminals in the everchanging world of data security.

Listen in to a frank discussion on cybersecurity with April Walker, CPA, CGMA, Lead Manager — AICPA Tax Section and special guest Byron Shinn, CPA, Partner — Carr, Riggs & Ingram, LLC, on this episode of The Tax Section Odyssey.

What you’ll learn in this episode

  • Is a cyberattack a real threat? (0.43)
  • What does a data security plan look like (3.15)
  • How often should you review a data security plan (8.16)
  • Cybersecurity insurance considerations (10.14)
  • Attorney recommendations to help in the cybersecurity arena (13.55)
  • Real-life examples of CPA firm concerns and data security plan insecurities (16.29)
  • The why and how of independently testing network security (16.47)
  • Example of encryption hack; ransomware and cryptocurrency (18.51)
  • Lack of cyberattack reporting and high-profile cases (20.40)
  • Important takeaways for cybersecurity (22.31)
  • A page from Byron’s travel journal (24.38)

AICPA resources

Other resources

Keep your finger on the pulse of the dynamic and evolving tax landscape with insights from tax thought leaders in the AICPA Tax Section. The Tax Section Odyssey podcast includes a digest of tax developments, trending issues and practice management tips that you need to be aware of to elevate your professional development and your firm practices.

This resource is part of the robust tax resource library available from the AICPA Tax Section. The Tax Section is your go-to home base for staying up to date on the latest tax developments and providing the edge you need for upskilling your professional development. If you’re not already a member, consider joining this prestigious community of your tax peers. You’ll get free CPE, access to rich technical content such as our Annual Tax Compliance Kit, a weekly member newsletter and a digital subscription to The Tax Adviser.