Insight Tag: Cybersecurity

When you are running a business, you need your technology to work not just sometimes but all the time.

Artificial Intelligence refers to computer systems designed to perform tasks that typically require human intelligence. These include problem-solving, learning, planning, and understanding natural language. While AI has existed in various forms for decades, recent advancements have led to its widespread adoption across industries. 

We've recently become aware of two concerning fraud schemes targeting businesses across the country. As your trusted advisors, we want to ensure you have the information needed to protect your business and personal data. 

A new threat has emerged in cybersecurity that's keeping IT professionals up at night: Artificial Intelligence (AI)-powered phishing attacks. AI, which refers to computer systems able to perform tasks that normally require human intelligence, is now being leveraged by cybercriminals. As your trusted advisors in cybersecurity and managed IT services, we're here to shed light on this sophisticated scam and arm you with the knowledge to protect your business. 

Businesses of all sizes face an increasing array of cyber risks. As your trusted advisors, we want to shed light on three prevalent threats that could impact your business: ACH fraud, payment redirects, and business email compromise (BEC) schemes. Understanding these risks and knowing how to protect against them is crucial for safeguarding your assets and maintaining trust with your customers and partners.

Efficiency and efficacy are necessities for survival and growth in not-for-profit organizations. As technology advances, artificial intelligence (AI) emerges as a powerful ally in enhancing these aspects. Not-for-profits, often strapped for resources, stand to gain significantly from integrating AI into their workflows.

The IRS has recently issued a series of 1099 TIN mismatch letters, also known as CP2100 and CP2100A notices for 2022 and 2023, indicating a ramp-up in enforcement and penalties related to 1099 filings. These notices can lead to significant compliance obligations, so understanding what they mean and how to respond is crucial for maintaining compliance and avoiding penalties. 

As we approach another tax season, it's not just the crunch of numbers that should be on our minds but also the heightened risk of falling prey to cyber scams. The Internal Revenue Service (IRS), following its eighth annual Security Summit, has issued an early reminder: Be vigilant against phishing and smishing scams. This advice isn't just for those in the U.S. − cybercriminals are sharpening their tactics globally. Let's walk through essential tips to help you navigate this tricky period safely and confidently.