CPA Firms Emphasize Privacy Efforts as Pressure Mounts From Regulatory Requirements, Professional Standards, and Client Expectations CPA firms and other businesses that maintain confidential client data are vulnerable to external and internal threats, including inadvertently leaking data and being targeted by hackers, reports the Journal of Accountancy. Seven steps can help businesses assess which data need protecting, upgrade defenses, and draft and practice an incident-response plan. The following steps can help firms mitigate the risk of a reputation-damaging data breach:
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This is increasingly a point of concern, writes Molly Williams at the Wall Street Journal’s Small Business Blog. Business owners can eliminate the possibility legal chaos on this front by ensuring Web accounts are in their business’ name, rather than their own. And it’s probably not a good idea to include account numbers and passwords in wills and trusts because those can become public documents. A few states have passed specific estate laws addressing the issue: As small businesses move more operations online, there’s an unpleasant question they need to ask: What happens if the one person who has…