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Oct 12, 2022

Securing data against bad actors is crucial to the long-term success of a business. The average cost of a data breach in the U.S. in 2022 was over $9 million. With proper planning the risk can be mitigated, and even if an incident occurs, the cost and the time to recover can be significantly reduced.

In this Tax Section Odyssey episode, April Walker, CPA, CGMA, Lead Manager — Tax Practice & Ethics, Association of International Certified Professional Accountants, representing AICPA & CIMA, speaks with Ashley Grover, Cybersecurity Threat Intelligence Analyst — Sylint, on the latest trends in cybersecurity and how businesses can better protect themselves.

What you’ll learn in this episode

  • Ashley’s role as a cyber threat analyst (0.33)
  • Why businesses should take cyber threats seriously (2.20)
  • Coordination with information technology (IT) department/providers (4.47)
  • Safeguards rule contained in the Gramm-Leach-Bliley Act (7.53)
  • Actions for an IT department to safeguard data (8.32)
  • Current cyber threat trends and infiltration techniques (11.42)
  • Specific recommendations for tax professionals (17.58)
  • Remediation tips should a cybersecurity incident occur (19.38)
  • What a cyber incident response would entail (21.20)
  • Final thoughts (23.44)
  • A page from Ashley’s travel journal (26.30)

 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.