“Cyber Liability Exposure for CPAs,” Pennsylvania CPA Journal
“As creators and as repositories of sensitive personal and proprietary information, CPAs must pay special attention to their role as information managers,” writes Jonathan S. Ziss, a partner in Goldberg Segalla’s Professional Liability Practice Group. “Seen from a professional risk standpoint, digital information security has become part of the standard of care you owe your clients. Therefore, you need to manage this risk as you would any other — by recognizing it and by doing what you can to mitigate it.”
In this latest of Jonathan’s “Liability Lessons” column published by the Pennsylvania Institute of CPAs, he explores how accounting firms and professionals may mitigate cyber risk through a strategic triad consisting of appropriate data security protocols, a breach response plan, and appropriate insurance coverage.