The internet opened companies to more business opportunities in “cyberspace.” In the last two decades, organizations have attained organic growth and better engage with customers through the internet. It has also opened up companies to unlimited opportunities, even in emerging markets.
However, sharing critical information, products, and money in cyberspace comes with some risks. Business systems, especially those related to accounting, are under the constant threat of attack.
According to a CNN report, the Canadian government was forced to shut down a majority of its web portals after noticing over 300,000 botnet attacks. Even the Canadian revenue agency’s portal was directly targeted.
Such incidences cast a light on the importance of following the best practices in cybersecurity to protect your company’s crucial data and accounting systems from such attacks. This in itself presents a challenge, so here are a few concerns that you can address to ensure you get it right.
Cybersecurity for accounting firms in Canada is essential to prove to clients that you are competent and engaged in their best interests. However, such provisions are also crucial for accounting departments in various organizations.
Such organizations include:
CPA Canada is the nation’s premier accountant training and competency authority. As a member, you get access to loads of resources and tools to help you understand and address cybersecurity challenges within your organization.
Here are some of the resources you should consider looking into:
Risk Mitigation in Assessing Your Organization’s Disclosure Practices
This program talks about the considerations you should take in addressing cybersecurity for accounting firms in Canada. Topics covered under this program include:
Guidelines for Best Practices in Disclosure Practices
Every accounting firm in Canada needs to report incidences and observed cybersecurity risks to help every industry respond to such challenges. This document will provide you with updated guidelines from Canada’s security regulators to help our organization create a sustainable model for reporting cybersecurity breaches and concerns.
Best Practices In Cybersecurity for Accounting Firms in Canada
Mobile platforms, hybrid cloud computing services, and BYOD policies are essential in keeping up with customer demands. However, they also open accounting firms to many inherent cybersecurity threats.
This guideline helps such organizations follow the best practices in ensuring they remain compliant with cybersecurity standards as expected by Canadian regulatory authorities.
A Quick Start Guide to Managing IT Security Risk
This overview provides a definitive guide to the top IT security threats accounting departments face in Canada. The information is up-to-date, and you can protect your organization from critical breaches by following all the practical steps laid down on this guide.
Webinars on Cybersecurity Reporting Trends and Practices
Malware attacks and data breaches are continually evolving in methodology and the scale of malice. Therefore, understanding how other companies respond and report such incidences can help your organization craft effective ways to prevent or mitigate the risk.
So, it’s safe to say that every organization faces several cybersecurity threats to their accounting systems. And, the best way companies in every industry to deal with such dangers is coming up with effective ways for reporting how they responded to such threats.
Cybersecurity for accounting firms in Canada can have an impact on their level of compliance. Fortunately, Compunet InfoTech has been at the forefront of helping accounting firms in Vancouver address cybersecurity, compliance, and other IT related services since 1989.
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