As tax season approaches, accountants face a dual challenge—juggling time-sensitive responsibilities and fortifying defenses against rising cyber threats. Insecure data transfers, lax password practices, and the underuse of Two-Factor Authentication (2FA) underscore the imperative for a resilient cybersecurity strategy in the accounting profession.
Data breaches cost Canadian businesses an average of $6M, according to a 2023 Mastercard study, but for most accounting professionals, this is an astronomical cost that constitutes an existential risk. With an average detection time in excess of 200 days, accountants lack the time and resources to identify and react to data breaches before it’s too late.
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