Effective Measure for Accountants Against Data Breaches

Notifying Potentially Affected Clients

While looking into the data breach, licensed CPAs need to determine all those affected and those that might be. Then, they should inform the potentially impacted authorities, third parties, and clients. As laws decide the time window wherein the breach has to be reported, it is best to do it without delay. CPAs can distribute the notification via mass emails, phone calls, or other communication means.

The warning statement must highlight when the breach occurred, what data was compromised, and what the recipient can do to prevent further damage. Also, this enables accounting companies to preserve their integrity and combat public backlash.

Encryption

Ensuring that sensitive data is encrypted both during transmission and storage provides an additional safeguard against data breaches. Encryption renders the data unreadable to unauthorized individuals, reducing the impact of potential breaches.

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Also, read 10 Ways Accountants Can Effectively Address Data Breaches.