What Is the Blockchain? A Plain English Version
The word blockchain is on everyone’s lips right now. Although you might not really understand what “blockchain” means, chances are you’ve heard people talk about it (a lot). Some people believe it will change our world for the better, and it...
Tech Leaders Report Urgent Hiring Needs For 2019; Project-Based Hires And Re-Skilling Play Role In Staffing Strategies
Many technology teams will be growing in the first half of 2019, but staffing challenges exist, according to Robert Half Technology's State of U.S. Tech Hiring research. Sixty-three percent of IT hiring decision makers polled plan to expand the...
Email scammer get 45 months in prison
A Nigerian national who cheated U.S. firms, including two in Connecticut, out of $1.6 million in an email scam will spend nearly four years in federal prison, prosecutors say. Adeyemi Odufuye, 32, who also goes by "Micky Bricks" and "Yemi",...
Bitcoin's epic plunge continues
What a difference a year makes for bitcoin. In December 2017, bitcoin prices hit a record high of just under $20,000. Flash forward to December 2018 and bitcoin is now trading a little below $3,400. That's a more than 80% plunge. Bitcoin is at...
Making Hartford a destination for the companies of the future
Today, I was joined by Gov. Dannel Malloy and Gov.-elect Ned Lamont to inaugurate Infosys’ Hartford Technology and Innovation Hub. The Hub will help Infosys work more closely with its clients in the region and serve as the global center for...
The Evolution and Grand Opening of An Indian Tech Company In Hartford
The decision to locate Infosys’ Innovation Hub in Hartford involved an incoming governor, an outgoing governor, a number of business leaders, and the academic community. Governor-elect Ned Lamont went to Infosys’ New York offices two or three...
Tech Industry Still Wary of EU Digital Tax
Plans for a European Union (EU)-wide digital tax on big technology companies like Google, Amazon and Facebook fell apart this month when several European countries objected to the proposal. The push to adopt an EU-wide digital tax was led...
Why We Need to Audit Algorithms
Algorithmic decision-making and artificial intelligence (AI) hold enormous potential and are likely to be economic blockbusters, but we worry that the hype has led many people to overlook the serious problems of introducing algorithms into...
Three cyber scams you can’t afford to ignore
According to the National Cyber Security Alliance, almost 50 percent of small businesses have experienced a cyber attack. Additionally, nearly 60 percent of hacked small and medium-sized businesses are put out of business after six months.
Security Summit plans National Tax Security Awareness Week, Dec. 3-7; New Twitter handle launched, ‘Dark Web’ webinar planned
With the approach of the holidays and the upcoming tax season, the Internal Revenue Service, state tax agencies and the nation’s tax industry will sponsor a nationwide campaign in December urging people to better protect their sensitive tax...

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    Connecticut CPA magazine feature
Blockchain Brings Exponential Disruption, Growth Potential to Accounting

By Geoff Hopkins, Director, Technology and Management Consulting, RSM

Distributed blockchain was conceptualized and put into practice as a public and peer-to-peer autonomous ledger. As the core component of bitcoin, it immediately solved a digital currency double spending problem without a trusted authority or central administrator.

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  Connecticut CPA magazine feature
Client Data Is a Virtual Treasure Trove:
Why CPA firms must be vigilant about cybersecurity

By Mark R. Torello, CPA, CFE, CISA; Chair, CTCPA Technology Interest Group

Because CPA firms have access to a virtual treasure trove of data, we’re vulnerable to hackers and, therefore, held to higher levels of compliance requirements at both the state and federal levels. As accounting professionals, we should embrace these laws, because standardization and guidance are good for our industry and our clients. However, the myriad cybersecurity-related laws can be challenging to navigate.

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    Risk Alert – Social Engineering for CPAs

As with many fraud schemes perpetrated against accounting professionals, social engineering has obtained a greater level of sophistication. This development has arisen in response to increased awareness and vigilance of such schemes. Recent variations of the schemes have emerged to create a stronger appearance of legitimacy.

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Cybersecurity: A top concern among accounting professionals
The latest facts, court rulings, and new regulations

Stan Sterna, JD, Vice President, Risk Management, Aon Insurance Services

Safeguarding your clients’ nonpublic information from cyber-criminals is a top priority for CPA firms. In fact, the latest data breach statistics from RSA Security show an alarming increase in the number of exposed consumer records across industries:

  • 4,149 reported breaches exposing 4.2 billion records
  • 53% of all breaches resulted from hacking by outside sources
  • 91% of all breaches were electronic, as opposed to stolen hardware

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Creating a Disaster Plan to Ensure Your Company’s Security

By Paul C. Ursich, CPA, and Robert Risk, Wiss & Company LLP

When it comes to defending your enterprise from undefined catastrophes, traditional disaster recovery tactics are no longer adequate. If cyber terrorists seize your company’s critical information, or if human error or natural disasters erase your company’s data, your resources cannot be swiftly returned by outdated recovery methods.

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