Why and How Accountants Should “Think Blockchain”
Masotti and Masotti LLC CPAs and Consultants, a nearly 60-year old CPA firm recently registered that as the Trademark of their newly launched Blockchain Advisory Services. It says almost everything about why Blockchain is redefining accounting...
After investigation, SEC issues cyberfraud alert
The SEC on Tuesday issued an investigation report warning public companies to be wary of a type of cyberfraud called “business email compromise” and to consider such frauds when devising and maintaining internal accounting controls. The...
Survey: Businesses report 58% rise in email cyber attacks
U.S. businesses are experiencing a significant increase in email cyber schemes this year, according to a new survey. The survey by Zogby Analytics, commissioned by specialty insurer Hartford Steam Boiler and Insurance Co. (HSB), says 58...
AI, machine learning, deep learning: Say what?!?
Artificial intelligence (AI) is already changing the nature of our lives. When you ask Siri for a restaurant recommendation or when you tell Alexa to play your favorite song, you're interacting with AI. AI has also been making its way into the...
5 things to know about the future of jobs
There is a net positive outlook for jobs – amid significant job disruption.
Survey: Businesses lacking on cyber attack response
A new survey suggests most businesses are not properly planning for cyber attacks, even though they recognize the grave consequences of lacking an adequate response.
Robots in workplace 'could create double the jobs they destroy'
The rise of machines, robots and algorithms in the workplace stands to create almost double the number of jobs for the global economy by the middle of the next decade than it puts at risk of being replaced. According to the World Economic Forum...
CT cybersecurity: ‘We cannot rely on Washington to keep us safe’
The leader of Connecticut’s cybersecurity efforts said Tuesday that Washington, with a deeply polarized Congress and faction-riven White House, has abrogated its role in defending the nation’s electrical grid, natural gas system and public water...
What's the difference between a private and public blockchain?
Blockchain is forecast to transform many industries by providing fast, verifiable transfer and tracking. At its core, blockchain is a distributed ledger that records transactions between every user in the chain. Although it’s commonly regarded...
The required step before AI and blockchain
Artificial intelligence, machine learning, and blockchain are buzzwords in the accounting world these days, and with good reason. After all, these revolutionary technologies appear poised to supplant many of the tasks and business practices that...

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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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