Given our status as an affinity partner of CalCPA providing services to many CPA clients, we’ve had quite a few people reach out today with concerns about CCH cloud systems being down and the lack of communication from Wolters Kluwer. While there isn’t much, here is what we do know:
The American economy is in jeopardy, and most people don’t even know it. Small businesses account for 99% of all U.S. businesses. They employ 60% of Americans and are responsible for more than half of the United States gross domestic product (GDP). In 2015, 62% of all data breaches were of small to medium sized businesses per Symantec, and 60% of those businesses were forced to close their doors within 6 months of being attacked. These statistics are scary, and indicate we are one major cyber-attack away from an economic crisis. So how do we fix this?
There are two questions I get from business owners all the time:
The answer to question 1 for many small businesses and individuals is
A lot has been written about the WannaCry ransomware attack that spread through the globe beginning on May 12 of this year. Perhaps due to the clever branding of the malware, the reaction to WannaCry has been remarkable. Companies from help desk ticketing vendors to log management software developers have personally called me attempting to sell me their product or service on the basis of its ability to stop ransomware like WannaCry. I can only assume that these sales teams, armed with scripts and little actual knowledge of WannaCry or ransomware in general, have been effective in executing this scare tactic approach, otherwise I wouldn’t keep seeing it. Time to set the record straight.
In 2016, the Ponemon Institute completed a study on the “State of Cybersecurity in Small & Medium-Sized Businesses (SMB).” The study had many interesting findings, with highlights including:
The results align with what we see every day with clients that call us for incident response and recovery services: