Cybercrime is one of the fastest-growing types of crime in the United States. Microsoft reports that password attacks have increased tenfold in the past year, with nearly 4000 attacks per second. Cyberattacks are growing not just in number but also in sophistication. Artificial intelligence tools allow threat actors to utilize sophisticated social engineering attacks that implement generative AI and deep fake technology into existing phishing attack vectors. Determining legitimate business communications from cybercrime attacks will become increasingly difficult in the years ahead.
Accountants, accounting firms, and professional services firms of all sizes are prime targets for cyberattacks because they collect and maintain significant amounts of personal information. And bad actors know that smaller firms generally have less stringent security, although their data is just as valuable.
This E-book offers a summary of recent data breach notification laws, federally, abroad, and in all 50 states.