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CFOs Seek to Overcome Staffing Shortfalls to Meet Goals, According to AAFCPAs CFO Survey

CFOs Seek to Overcome Staffing Shortfalls to Meet Goals,  According to AAFCPAs CFO Survey

AAFCPAs’ inaugural report uncovers key issues for CFOs Boston, Mass. (October 30, 2017) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, and business & IT advisory solutions, today announced the results of its inaugural CFO survey. The results are captured in AAFCPAs’ report, “Behind Every Thriving Organization is A High-Functioning CFO.” The report, conducted in collaboration with The Boston Chapter of Financial Executives... continue reading

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

AAFCPAs to Present Educational Workshop on KPIs, Dashboarding for NonProfit Financial Managers

AAFCPAs’ Carla McCall, CPA, CGMA and Robyn Leet will present an educational workshop on Leading Indicators: Choosing Key Performance Indicators That Matter & Dashboarding at the Nonprofit Financial Managers (NPFM) forum in Boston on October 26th. A critical component of nonprofit effectiveness is the organization’s ability to identify and track meaningful “leading indicators” that serve as mile markers to tell if your organization is headed in the right direction—a course... 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

Hurricane Harvey Creates Opportunities for Cyber Criminals

AAFCPAs would like to make clients aware of a recent alert issued by the US Department of Homeland Security warning citizens about the possible emergence of malicious cyber activity by those seeking to capitalize on interest from Hurricane Harvey. AAFCPAs reminds readers to follow some basic guidelines: Keep your antivirus, malware and other computer software up-to-date. Use caution opening emails, and pay close attention to the sender’s name and address.... continue reading

Best Practices for Complying with HIPAA & Safeguarding Patient PHI Accessible to Your Business Associates

Healthcare is predicted to be the most targeted industry for cyberattacks in 2017, according to the 2017 Data Breach Industry Forecast from Experian.   “Electronic health records remain likely to be a top target for hackers,” Experian found. To further heighten & complicate these risks, providers’ responsibilities for protecting personal health information (PHI) under the Health Insurance Portability and Accountability Act (HIPAA) extend to certain vendors, referred to as “business... 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

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