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Sep 6, 2023

In this episode, Rudy Rudolph, Executive AICPA Risk Advisor — AON, and April Walker, CPA, CGMA, Lead Manager — Tax Practice & Ethics, AICPA & CIMA, discuss how data breaches can cause acute and lasting issues to victims.

Small businesses are often easy targets for cyber criminals because they typically have less security in place than larger companies. A customized cybersecurity insurance policy can help mitigate risks and provide coverage in an evolving market to protect your organization.

What you’ll learn in this episode

  • Questions companies need to ask about cyber security insurance (0:59)
  • The most common types of cyber attacks (3:56)
  • Usual misconceptions about cybersecurity (6:14)
  • Types of costs that cyber insurance covers (8:37)
  •  Items not generally covered by cybersecurity insurance (11:12)
  • Insurance consequences of not following your own cybersecurity policies (13:27)
  • Rudy’s final thoughts (15:35)
  • A page from Rudy’s travel journal (17:23)

AICPA 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.