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A class-action lawsuit was filed on June 13 in the U.S. District Court in Kansas City, Kan., against Laboratory Corp. of America alleging the medical diagnostic company failed to monitor its billing and collections vendor, according to The Kansas City Star. The American Medical

Two Massachusetts accounting firms separately recently notified the Office of the Massachusetts Attorney General and the Office of Consumer Affairs and Business Regulation of data breach incidents at their firms, resulting in the unauthorized access of their respective clients’ names, addresses and Social

Perhaps your firm's management isn't concerned that much with hackers targeting their firm. After all, if a hacker has the expertise to do it, wouldn't they target much larger enterprises like banks? That's not necessarily the case, and the recent data breach at a

On August 15, 2016, Wheeler & Egger, CPAs, LLP discovered a data security incident involving their firm and some of their clients whose 2015 tax returns were on Extension.  After thorough investigation, they have discovered that the perpetrator(s) hacked into their system, and between August

Virtually every business collects and stores personal information on both employees and clients. But accountants may have more sensitive data in their computers and file cabinets than just about any other service provider, making the protection of that data critical to the survival

State legislatures across the country are looking at ways to protect consumer data – and some proposals would directly impact CPA firms. For example, the New York State Assembly recently introduced legislation to update the notification requirements that CPA firms must follow when a

You walk into your office on a Saturday morning during tax season to find a staff member waiting for you with sweaty palms and a look of terror on her face. She takes a while to get the words out, but you soon