Risk Management
AI Aids Cyber Crime, Elevates Need for Vulnerability Management and Employee Training
AAFCPAs would like to make clients aware that leading U.S. intelligence officials recently presented on the elevated risk of cybercrime, hacking, and money laundering stemming from the rise in artificial intelligence (AI). At the International Conference on Cyber Security at Manhattan’s Fordham University, Rob Joyce, Director of Cybersecurity at the National Security Agency, touched on […]
Protect Yourself from AI Voice Scams
Voice impersonations of trusted family members, friends, even presidential candidates by artificial intelligence (AI) have been used to conduct fraud, an issue that’s become so widespread that the Federal Trade Commission released a consumer alert on the subject. In this, officials touched on the rise in chatbots, i.e., computer programs that simulate conversations, deepfakes, i.e., […]
Tax Season Brings Rise in Cyber Crime
Cybercriminals are looking for ways to capitalize on tax season, with scams on the rise as businesses and individuals prepare to file returns. This means the simple act of opening an email or answering a call could put you at risk of identity theft or return preparer fraud. Making matters worse is a rise in […]
How to Right-Size Cybersecurity to Fit the Small Nonprofit
Organizations rely on technology for communicating, managing our work, assisting us in making accurate and timely decisions, assisting customers, and staying in the know wherever we go. But along with this comes a mounting risk of data breach. Particularly susceptible are small nonprofit organizations with fewer technical safeguards, outdated security protocols, and modest IT budgets. […]
Cyrillic Characters Used in Cyber Attacks
Recent reports show hackers substituting Roman alphabet with Cyrillic alphabet characters to deceive recipients. In their article “Real or Imposter? Everything You Need to Know About ‘Homoglyph’ Phishing”, CISO MAG describes this tactic, known as The Internationalized Domain Name (IDN) homoglyph attack, as “a deception technique that uses homoglyphs or homographs, in which an attacker […]
AAFCPAs Recommends Common Sense Precautions After Spoofed Email
AAFCPAs was recently informed that one of its email accounts had been spoofed, i.e., an outside party impersonated the company while sending spam. Consequently, some individuals may have received an email that appeared authentic but contained inappropriate or spam-like content or promoted products or services that we do not sell. We want to assure you […]
SV Bank Crisis Has Businesses Hyper Focused on Cash Management
Regulators shut down Silicon Valley Bank (SVB) on March 10th (Friday), in the largest U.S. bank failure since the 2008 financial crisis. The failure was attributed to a run on the bank and liquidity issues. On March 12th (Sunday), the Department of the Treasury, Federal Reserve, and FDIC issued a statement announcing actions enabling the FDIC to complete its resolution of SVB in […]
Meet Mr. Anderson, AAFCPAs’ Certified Ethical Hacker
AAFCPAs’ reminds clients that October is cybersecurity awareness month in the United States. AAFCPAs performs Information Technology (IT)/Cyber Security Assessments which help clients identify risks from the use of technology that could potentially cause information loss and/or financial and reputational harm to your organization. Our assessments include Vulnerability & Penetration testing performed by Mr. Anderson, […]
AAFCPAs to Present Workshop on Anticipating Fraud for Charter Schools
Leaders in AAFCPAs’ Education Practice, John Buckley, CPA, CGMA, and Nichole Reilly, CPA, will present an educational webinar: Is Fraud Preventable? Safeguard Your Charter Public School’s Fiscal Operations in collaboration with the Massachusetts Charter Public School Association (MCPSA) on June 3rd, 2021. This session is open to board members, school leaders, and CFO/COOs. Recent events […]