Insuring Your Business Against Cyber Liability

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According to one study done by the US Small Business Administration, 88% of small business owners feel their business is vulnerable to a cyber attack.1 These concerns may be well founded: according to another study, 46% of all small businesses have at some point been the target of a ransomware attack.2 Business owners are required to…

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How Virtual Currency Transactions Affect Your Tax Situation

Virtual currencies, also known as cryptocurrencies, have gone mainstream. For example, you can use Bitcoin to buy a Tesla, or you can use a Bitcoin wallet on your smartphone to make everyday purchases. But beware: Using virtual currency has federal income tax implications that may surprise you. With increasing market acceptance and the skyrocketing price of…

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Make the Most of Patient-Facing Technology

Patient-facing technologies — or a healthcare practice’s phone system, website and patient portal — offer new and current patients ways to access the practice’s services. The importance of these technologies shouldn’t be underestimated. This article looks at each technology category and explains how practices can ensure that these technologies provide the best possible experiences for…

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Tax Identity Theft Awareness Week begins January 29

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According to the United States Computer Emergency Readiness Team, Tax Identity Theft Awareness Week is January 29 to February 2, and many federal agencies are offering information and resources to help consumers learn to protect themselves from tax-related identity theft and Internal Revenue Service (IRS) imposter scams. As stated on their website, the US-CERT “encourages consumers…

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Danger Season for W-2 Phishing Approaches

BE AWARE! Cyber criminals are about to ramp up their efforts to steal employee W-2s. Just like other businesses, cyber criminals seek efficiency. If they can get just one member of your HR or finance staff to send W-2 forms, they can profit directly by filing fraudulent tax returns and stealing refunds. Beazley Breach Response…

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Beware of Gift Card Scams

The Internet Crime Complaint Center (IC3) has released an alert warning consumers of music gift card scams. This type of scam targets victims, gains their confidence, and tricks them into providing gift card information. To stay safer online, review the IC3 alert on Online Scammers Require Payment via Music Application Gift Cards and the US-CERT…

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IRS Warns of Summertime Scams

The Internal Revenue Service (IRS) has released an alert warning of various types of summertime scams targeting taxpayers this summer. The alert describes common features of these cyber crimes, including: robocalls, private debt collection, and scams that target taxpayers with limited English proficiency. Taxpayers and tax professionals are encouraged to review the IRS alert and US-CERT’s…

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