Accounting Firm Security
How to Go Beyond the IRS “Security Six”
In an era of increasing cyber threats, protecting sensitive financial data is paramount for accounting firms. The IRS “Security Six” provides a solid foundation for tax professionals and accountants to safeguard their systems, but in today’s evolving threat landscape, firms must go beyond these basic recommendations. Implementing additional security measures ensures compliance, mitigates cyber risks, and reinforces client trust.
Understanding the IRS “Security Six”
The IRS has outlined six essential security protocols for tax professionals:
- Antivirus Software - Defends against malware and cyber threats.
- Firewalls - Acts as a barrier between trusted networks and potential cyber threats.
- Two-Factor Authentication (2FA) - Adds an extra layer of security beyond passwords.
- Backup Software/Services - Ensures data recovery in case of cyber incidents.
- Drive Encryption - Protects sensitive data from unauthorized access.
- Virtual Private Network (VPN) - Secures remote access to systems and data.
Going Beyond the IRS Security Six
1. Zero Trust Security Model
Instead of assuming everything inside a network is safe, a Zero Trust model requires strict identity verification for every user and device attempting to access resources. This approach minimizes the risk of insider threats and unauthorized access.
2. Security Awareness Training for Staff
Human error remains a leading cause of data breaches. Regular cybersecurity training ensures employees can recognize phishing attempts, social engineering attacks, and other cyber threats, reducing the risk of human-related breaches.
3. Advanced Endpoint Detection and Response (EDR)
Traditional antivirus software may not detect sophisticated threats. EDR solutions use AI-driven analytics to monitor and respond to suspicious activity in real time, providing a higher level of protection against advanced cyberattacks.
4. Regular Penetration Testing and Vulnerability Assessments
Conducting frequent security audits, penetration testing, and vulnerability assessments helps firms identify and address security gaps before cybercriminals exploit them.
5. Cloud Security Best Practices
As many accounting firms migrate to cloud-based solutions, it is crucial to implement:
Cybercriminals often trade stolen credentials on the dark web. Dark web monitoring services alert firms if their employees’ credentials have been compromised, allowing for proactive security measures.
7. Incident Response and Disaster Recovery Plans
A well-defined incident response plan ensures a quick and efficient reaction to cyber threats. Coupled with a disaster recovery strategy, firms can minimize downtime and data loss in case of an attack.
8. Compliance Management & Regulatory Frameworks
In addition to the IRS guidelines, accounting firms must comply with:
Instead of assuming everything inside a network is safe, a Zero Trust model requires strict identity verification for every user and device attempting to access resources. This approach minimizes the risk of insider threats and unauthorized access.
2. Security Awareness Training for Staff
Human error remains a leading cause of data breaches. Regular cybersecurity training ensures employees can recognize phishing attempts, social engineering attacks, and other cyber threats, reducing the risk of human-related breaches.
3. Advanced Endpoint Detection and Response (EDR)
Traditional antivirus software may not detect sophisticated threats. EDR solutions use AI-driven analytics to monitor and respond to suspicious activity in real time, providing a higher level of protection against advanced cyberattacks.
4. Regular Penetration Testing and Vulnerability Assessments
Conducting frequent security audits, penetration testing, and vulnerability assessments helps firms identify and address security gaps before cybercriminals exploit them.
5. Cloud Security Best Practices
As many accounting firms migrate to cloud-based solutions, it is crucial to implement:
- Multi-Factor Authentication (MFA) for all cloud accounts
- Data Encryption for cloud-stored client information
- Strict Access Controls to limit exposure to sensitive data
Cybercriminals often trade stolen credentials on the dark web. Dark web monitoring services alert firms if their employees’ credentials have been compromised, allowing for proactive security measures.
7. Incident Response and Disaster Recovery Plans
A well-defined incident response plan ensures a quick and efficient reaction to cyber threats. Coupled with a disaster recovery strategy, firms can minimize downtime and data loss in case of an attack.
8. Compliance Management & Regulatory Frameworks
In addition to the IRS guidelines, accounting firms must comply with:
- Gramm-Leach-Bliley Act (GLBA)
- General Data Protection Regulation (GDPR)
- California Consumer Privacy Act (CCPA)
- Payment Card Industry Data Security Standard (PCI DSS)
Going beyond the IRS “Security Six” is critical for accounting firms to protect their sensitive financial data. At CyDoTech, we specialize in cybersecurity solutions tailored to financial institutions.
Protect Your Firm Today!
We offer Free Risk Assessments to identify vulnerabilities and help you implement cutting-edge security measures.
Schedule a Free Security Assessment and take proactive steps to secure your firm from cyber threats.
Protect Your Firm Today!
We offer Free Risk Assessments to identify vulnerabilities and help you implement cutting-edge security measures.
Schedule a Free Security Assessment and take proactive steps to secure your firm from cyber threats.