Issues Bookkeepers face!
Professional Liability/ E&O Insurance charges extra because you can’t prove you are cybersecurity compliant.
You pay extra for data retrieval software.
You pay extra for data protection software.
You pay extra for secure email solutions that clients don’t use.
Our solution… a custom package specifically for new bookkeepers working from home!
37 Question Assessment that covers the basic cybersecurity best practices to assess your current posture and help you deal with insurance requirements.
Inventory physical inventory and software assets to establish an Asset Management program
Establish Data Security to protect the information with Authentication, Access Control, and Backups
Stay protected from malicious links and files, viruses, phishing and spoofing attacks, ransomware attacks and even Spam.
Implementing Trustifi NSA grade protection over your emails and attachments. Including: One time access to files/emails, Block access to print files, Delete or edit messages after they have been sent. Multi-Factor Authentication on the recipient. One click authenticate and decrypt allows your recipients to open your emails and also reply encrypted without ever having to sign up or login to anything.
Implementing continuous monitoring Intrusion Detection and Prevention capabilities with Bitdefender GravityZone Business Security Premium to safeguard your organization from sophisticated cyber attacks like Advanced Persistent Threats (APTs) and ransomware with more than 30 layers of machine-learning-driven security technologies.
Create a customized Cybersecurity Plan
What are the cybersecurity vulnerabilities Bookkeepers face?
Bookkeepers face threats from human error, hard drive malfunction, and cyberattackers using malware, phishing expeditions, and data theft to steal treasure-troves of client and financial information. Your files contain large quantities of data on numerous clients making it a very valuable asset on the dark web.
Bookkeepers communicate with clients and pass everything from social security numbers to bank account information via electronic methods. Your customers information must be protected in transit and in your possession.
Not only do you have to meet your industry rules, but in most cases, you must meet the industry rules of your clients as well.
What cybersecurity regulations affect Bookkeepers?
Federal Laws that apply to you:
Bank Secrecy Act (BSA) (If you conduct transactions on behalf of your client)
Gramm-Leach-Bliley Act (GLBA) (Safeguard Rule mandates NIST CSF Compliance)
Health Insurance Portability and Accountability Act (HIPAA) (if you have clients in the healthcare industry)
Payment Card Industry Data Security Standard (PCI DSS) (if you handle Credit Cards)
Sarbanes–Oxley Act (SOX) (if you have clients that are publicly owned)
What are the consequences of a data breach?
Financial Loss
Reputational Damage
Operational Downtime
Legal Action
Loss of Sensitive Data
60% chance of going out of business!
There are separate penalties for non-compliance, applicable to the violating business and its owners/managers.
The penalties for violating businesses are:
· A civil penalty of up to $100,000 per violation.
· Fines in accordance with Title 18 of the United States Code.
The penalties for violating owners/managers are:
· A civil penalty of up to $10,000 per violation.
· Imprisonment up to 5 years.