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What CPAs Need to Know about Cyber...
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Daniel Hudson and Joseph Brunsman
No business of any kind can operate in the modern digital environment without some risk of cyber attack or data breach. CPA firms are especially vulnerable due to the volume of records they contain, often containing sensitive personal and financial information. Insurance companies are increasingly offering solutions for CPA firms that need coverage against cyber attacks. The authors describe the most common type of attack—ransomware—and its potential costs. They then lay out common types of cyber coverage available, provide guidance on how to calculate coverage, and provide tips and traps for potential buyers.
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