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Facing Unprecedented Cybersecurity Risks, Accounting Industry Forced to Rethink Strategy

Facing Unprecedented Cybersecurity Risks, Accounting Industry Forced to Rethink Strategy

To combat todayโ€™s cyber threats, Right Networks announcesย a new three-tiered approach for accounting firms and professionals

Accounting firms and professionals are facing the highest levels of cybersecurity risk in their careers. Further, experts predict the average cost to a business in the United States for a security breach to be $9.05Mโ€”a number that would bankrupt many of todayโ€™s accounting firms and small businesses. As a result,ย Right Networks, a Managed Service Provider (MSP) purpose-built for accounting firms and professionals, announced today an innovative three-tiered approach to address the growing cybersecurity risks within the accounting profession.

To overcome the rising threats we face, businesses need to consider the cloud for their business-critical applications, protect their workstations and continuously train their people.

โ€œMost accounting firms and professionals arenโ€™t doing enough to combat a potential cybersecurity crisis within their organization, even when the inherent risks associated with that incident would be catastrophic,โ€ said Roman Kepczyk, Director of Firm Technology Strategy at Right Networks. โ€œTo overcome the rising threats we face, businesses need to consider the cloud for their business-critical applications, protect their workstations and continuously train their people. If each area isnโ€™t addressed, you put your business and your clientsโ€™ businesses at risk.โ€

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A three-tiered approach helps accounting firms and professionals successfully defend their business, using:

  1. A secure cloud environment: Protectย business-critical applications and data in a safe, private cloud environment to benefit from multiple levels of security and disaster recovery.
  2. Advanced endpoint security: Ensure that any computer connected to a private cloud has enterprise-grade security that is correctly installed, maintained, and updated.
  3. Training and testing: Educate employeesย on an ongoing basis with training and testing to help mitigate the most likely source of cyber intrusion.

โ€œWe are facing new security threats every day in our industry and must be hypervigilant to minimize the risks we face,โ€ said James Pantzis, CPA and owner of J.D. Pantzis CPA, PC, a New York-based tax firm. โ€œPartnering with Right Networks, we ensure weโ€™re protected in all areasโ€”in the cloud, at our desks and via our employees who continuously sharpen their cybersecurity defenses through ongoing training. Best of all, our security needs are managed by Right Networks, so we donโ€™t have to sacrifice time with our clients to constantly keep watch on the security front because they help keep us protected.โ€

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Right Networks offers a portfolio of security solutions tailored to the profession, including:

  • Right Networks Cloud Premier:ย Secure and reliable cloud hosting that safeguards data with end-to-end redundancy across all systems, real-time data replication and enterprise-class multi-layer security systemsโ€”24/7/365.
  • Right Networks Secure Workstation:ย A comprehensive, secure workstation solution to safeguard your business-critical data. Get peace of mind with additional security for all your employees with one enterprise-level solution.
  • Right Networks Security Awareness Training:ย An employee education program that offers best practices for staying safe online using an expert-developed gamified training program.

โ€œNow is the time for accounting firms and professionals to re-evaluate their security strategy,โ€ said Roman Kepczyk. โ€œExamine all areas of the business, starting with your critical business applications, your employeeโ€™s security awareness and your workstations. Leaving any of these areas unchecked will leave you exposed to cyberattacks.โ€

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[To share your insights with us, please write toย sghosh@martechseries.com]

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