A Florida cybersecurity provider specializing in tax preparation data security has updated its service, offering local tax practitioners support in drawing up policies that can protect client data.
Cyber Tax Safe, a cybersecurity consulting firm in Jacksonville, has updated its services with a series of customizable response plans for tax preparation firms looking to protect their data.
More information is available at http://www.cybertaxsafe.com
The update provides tax preparers and accountants with a roadmap that can help them respond to potential threats to sensitive client data. It also allows them to comply with local data breach notification laws, which include provisions requiring companies to submit their policies on data breaches.
The company can draft a data breach response plan that can be customized based on the client’s needs. It can also develop an internal policy that lays out the responsibilities of staff regarding data management.
Moreover, the company can draw up agreements between tax professionals and third-party contractors that handle data, emphasizing the latter’s responsibilities if their security measures are compromised.
Apart from providing a set of guidelines, these documents can also protect the interest of tax practitioners by limiting their liabilities in the event of a breach due to a staff member’s mishandling.
Without these documents, accounting and tax preparation businesses have no recourse when professional indemnity claims are made.
In addition to policy development, Cyber Tax Safe can also assist in positioning tax firms as online privacy leaders. It does this by authoring client engagement letters that detail the tax preparer’s privacy measures.
The company said that these letters proactively address the “unspoken questions” of taxpayers, adding that they also act as marketing tools that can help win more new business.
Florida has a data breach notification law that requires businesses to furnish authorities with a copy of policies related to data breaches. The IRS also told tax practitioners to report incidences of data theft to the agency to protect compromised clients.
Compliance is just one of the reasons why tax practitioners should consider drafting data breach policies. An Inc. report found that 60% of small businesses fold within six months after suffering a cyber attack.
Established in 2019, Cyber Tax Safe provides tax professionals with a comprehensive suite of cybersecurity services, including software, training, and compliance support.
Additional details about the company’s other services and capabilities can be found at http://www.cybertaxsafe.com