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?