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Data Backup & Recovery Plans Can Protect Your Organization from the Consequences of Ransomware Attacks

Ransomware is one of the most prevalent forms of malicious cyber-attacks facing businesses today. “The advent of new tools that wrap victims’ data with tough encryption technology, hard-to-trace digital currency like Bitcoin, and even online sites that offer to do the data ransoming in return for a piece of the action, have made this method of cybertheft much easier,” reported the NY Times. AAFCPAs advises clients to develop a Data... continue reading

Installing Patches Immediately Helps Protect Your Organization from Cyber Vulnerabilities

Cyber criminals often exploit known or not yet known vulnerabilities of the Operating System and/or other critical systems, such as a web server or a database, in order to penetrate your network/systems. In the recent WannaCry attack, hackers exploited the Microsoft Windows Server Message Block protocol and encrypted data demanding ransomware. There was a patch that Microsoft had provided but thousands of systems around the world had not yet installed... continue reading

AAFCPAs Guidance in Response to Equifax Data Breach

As you may be aware, Equifax, one of the United States’ three major consumer credit reporting agencies has been breached, and personal information of approximately 143 million Americans has been compromised. Information, including: names, social security numbers, birth dates, addresses and driver’s licenses, stored in Equifax’s databases have been stolen. Additionally, credit card numbers for about 209,000 people were exposed, as was “personal identifying information” on roughly 182,000 customers involved... continue reading

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs is excited to announce the release of our 8-part educational podcast series offering actionable takeaways for organizations to improve efficiency, effectiveness and performance controls. This collection of podcasts is the 2nd series of recordings from AAFCPAs’ Annual Nonprofit Educational Seminar. These podcasts, and accompanying introductory videos, feature full audio of thought-provoking sessions recorded on May 3rd, 2017 in front of a live audience of 300+ nonprofit executives and board members.  Several... continue reading

Measures to Protect Against Malicious Ransomware

In the wake of the recent, global WannaCrypt ransomware attack, which crippled thousands of computers in more than 200,000 organizations and 150 countries, AAFCPAs would like to remind clients of the critical importance of taking measures to protect against malicious cyber-attack. What is ransomware and WannaCrypt? Ransomware is a malicious software that locks a device, such as a computer, tablet or smartphone and then demands a ransom to unlock it. ... continue reading

Cybersecurity for 2017: Empower Your People

Digital viruses and hackers are nothing new, but the severity and prominence of cyber attacks is growing.  Is the impact of breaches greater?  Or are there truly more breaches now than in the past? The answer is “yes” to both, as leaks and breaches were thrust into the spotlight during the recent election cycle.  Hackers have increased their reach into even the most sophisticated of organizations, capitalizing on lax security... continue reading

CEOs, CFOs Targeted by Cyber Whaling Schemes

As a reminder, AAFCPAs warns of sophisticated cyber phishing attacks directed specifically at senior executives and other high level targets within businesses and organizations.  We have seen an uptick in the frequency of these types of attacks, called whaling schemes, where cyber criminals masquerade as a highly convincing business email which may appear to be sent from a legitimate business authority, or even from an internal colleague.  The content is tailored... continue reading

AAFCPAs Partner James Jumes to present at the IAPA International European Conference in Vienna on SOC Reporting

James Jumes, MBA, Partner & leader of AAFCPAs’ Business & IT Advisory Services practice, will present an educational workshop for the benefit of CPAs at the IAPA European Conference scheduled for June 4th, 2016 in Vienna, Austria.  This technical forum is part of the IAPA Europe, Middle East, and Africa (EMEA) Conference for IAPA member firms. IAPA is a global association of independent CPA and business advisory firms who provide accounting, audit, tax... continue reading

CFOs Embrace the Cloud for Scalability, Reliability, and Independence

CFOs are more commonly migrating services to the Cloud in order to unlock benefits that can help them free up resources and achieve a new level of scalability. They and their management teams are capturing greater reliability, cost-effectiveness, and security through the right Cloud services. The Cloud used to fall mainly under the jurisdiction of IT departments. However, as CFOs participate more and more in the technology shift across the... continue reading

Using Technology to Gain Efficiency and Internal Control in Major Business Processes

Morning Workshop at Providers’ Council 40th Annual Convention & Expo AAFCPAs Partners Robin Kelley, CPA, CGMA, and James Jumes, along with AAFCPAs’ clients Timothy Barrett, Controller, Pine Street Inn and Andrew Caires, Director of Fiscal Services, Center for Human Development, Inc. will present an interactive Workshop to discuss ways in which technology may be used to gain efficiency and internal control in major business processes. Improvements and thoughtful implementation of... continue reading