Technology and Cybersecurity

Connecticut has enacted significant amendments to the Connecticut Data Privacy Act (CTDPA), expanding its scope and introducing new compliance obligations for businesses that collect, use, share, or sell personal information. Now, many businesses, including employers that may not think of themselves as “data companies,” could have new compliance obligations.

‘We’re always going to have that human oversight,’ Gov. Ned Lamont pledged.

Companies that formally track AI-related ROI and are assurance-ready report the greatest improvement, according to a recent KPMG survey.

Artificial intelligence has made phishing, fraud and deepfakes cheaper, quicker and harder to spot. With more accountants using AI tools than ever before, firms must look past the hype to tighten internal controls.

The Internal Revenue Service and Security Summit partners today launched the summer “Protect Your Clients; Protect Yourself” campaign, a five-week series highlighting practical steps tax professionals can take to protect client data, their businesses, and themselves from evolving tax-related identity theft threats.

Four out of five CPAs attending a recent AICPA ENGAGE session said they’ve had clients victimized by a financial scam — and one attendee admitted she also was defrauded.

A new report commissioned by accounting software firm Sage aims to identify lingering bottlenecks in the race to implement artificially intelligent systems.

Widely available AI is making payment fraud easier to perpetrate and harder to detect, raising the stakes for controls, verification, and professional skepticism.

Change management related to technology, including the rise of artificial intelligence (AI), ranked as CPA firms’ leading issue by expected impact in the next five years, according to the latest CPA Firm Top Issues Survey.

The gap between projected and actual return could widen further with increasing investments in complex new tools.