Bloomberg: Connecticut Has 4th Most Innovative Economy in Nation
Bloomberg has found Connecticut to have the nation’s fourth most innovative economy in its new U.S. State Innovation Index. They based their rankings on six equally-weighted metrics: research and development intensity, productivity, clusters of...
John Turgeon of CohnReznick Featured in Cybersecurity Podcast
John Turgeon , CPA, HCS, Partner, Managing Director - CohnReznick Affiliated Companies, and Ken Fishkin, MCSE, CISSP, Director - CohnReznick Advisory, discussed how businesses can overcome security and privacy challenges on a recent episode of...
Stanley's 'Manufactory 4.0' opens Thursday
New Britain's Stanley Black & Decker will debut Thursday morning its downtown Hartford innovation hub, Manufactory 4.0. Also known formally as the state-of-the-art Advanced Manufacturing Center of Excellence, the facility occupies 23,000...
Blockchain Could Be Used By At Least 50% Of All Companies Within 3 Years, Oracle Exec Says
Ten years after the idea of blockchain was conceived, the technology that underpins cryptocurrencies is starting to be used by large enterprises as a secure way to track goods. But mass utilization is still years away, and it won't be for every...
Preparing for the future: Four female thought leaders share insight
Disruption is no longer a theory. It’s not an imaginary future with a “TBA” label waiting to be updated.
Update Google Chrome Right Now to Patch this Zero-Day Vulnerability
If you’re one of more than 2 billion users who have Chrome installed on their computer(s) and/or mobile device(s), you should be aware that a serious zero-day vulnerability has Google security researchers telling everyone to update it right now.
How faculty can learn emerging technologies
Technology is permeating nearly every aspect of the accounting profession. To effectively prepare students for a fast-moving business landscape, faculty are having to grapple with learning new information and tools and integrating those materials...
Once hailed as unhackable, blockchains are now getting hacked
Early last month, the security team at Coinbase noticed something strange going on in Ethereum Classic, one of the cryptocurrencies people can buy and sell using Coinbase’s popular exchange platform. Its blockchain, the history of all its...
EY releases cryptocurrency accounting and tax tool
Big Four firm EY has debuted its Crypto-Asset Accounting and Tax tool, a technology solution designed to facilitate accounting and tax calculations for cryptocurrency transactions. Coming as a slew of large accounting firms are opening...
As Bitcoin And Crypto Markets Lose Billions, One Coin Is Soaring
Bitcoin and other major cryptocurrencies have lost some $5 billion over the last 48 hours as a long-running bitcoin sell-off again bears down on the market. But there is one bright spot of green in the now familiar sea of red: binance coin,...

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    Connecticut CPA magazine feature
Blockchain Brings Exponential Disruption, Growth Potential to Accounting

By Geoff Hopkins, Director, Technology and Management Consulting, RSM

Distributed blockchain was conceptualized and put into practice as a public and peer-to-peer autonomous ledger. As the core component of bitcoin, it immediately solved a digital currency double spending problem without a trusted authority or central administrator.

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  Connecticut CPA magazine feature
Client Data Is a Virtual Treasure Trove:
Why CPA firms must be vigilant about cybersecurity

By Mark R. Torello, CPA, CFE, CISA; Chair, CTCPA Technology Interest Group

Because CPA firms have access to a virtual treasure trove of data, we’re vulnerable to hackers and, therefore, held to higher levels of compliance requirements at both the state and federal levels. As accounting professionals, we should embrace these laws, because standardization and guidance are good for our industry and our clients. However, the myriad cybersecurity-related laws can be challenging to navigate.

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    Risk Alert – Social Engineering for CPAs

As with many fraud schemes perpetrated against accounting professionals, social engineering has obtained a greater level of sophistication. This development has arisen in response to increased awareness and vigilance of such schemes. Recent variations of the schemes have emerged to create a stronger appearance of legitimacy.

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Cybersecurity: A top concern among accounting professionals
The latest facts, court rulings, and new regulations

Stan Sterna, JD, Vice President, Risk Management, Aon Insurance Services

Safeguarding your clients’ nonpublic information from cyber-criminals is a top priority for CPA firms. In fact, the latest data breach statistics from RSA Security show an alarming increase in the number of exposed consumer records across industries:

  • 4,149 reported breaches exposing 4.2 billion records
  • 53% of all breaches resulted from hacking by outside sources
  • 91% of all breaches were electronic, as opposed to stolen hardware

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Creating a Disaster Plan to Ensure Your Company’s Security

By Paul C. Ursich, CPA, and Robert Risk, Wiss & Company LLP

When it comes to defending your enterprise from undefined catastrophes, traditional disaster recovery tactics are no longer adequate. If cyber terrorists seize your company’s critical information, or if human error or natural disasters erase your company’s data, your resources cannot be swiftly returned by outdated recovery methods.

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