Payroll Compliance: How to Protect Yourself

Seventy-three percent of all teams will include remote workers by 2028. Companies must contend with an increasingly global workforce, managing payroll for employees in different countries, states, and jurisdictions. Maintaining payroll compliance in this environment is a daunting task. Laws are constantly changing, and companies often need guidance to ensure compliance. We’ve put together our […]

Preparing for the June 9th FTC Safeguards Rule Change

Customer data security is of increasing importance to companies aiming to operate on a global scale. From ChatGPT to the U.S. House of Representatives, data breaches are on the rise and cost businesses an average of almost $10 million per breach. Major brands are frequently in the news, suffering massive costs. In 2022 alone, T-Mobile’s […]

How to Defend Against Third-Party Cyber Risk

The worldwide average cost of a data breach is $4.35 million, according to a report by IBM. Companies are doing business in a global industry with operations spread out to maximize profit. With wider operations comes an increased risk of cyber-attacks—but while companies will look to shore up their own cyber defenses, research shows they […]

Combatting sexual assault in the workplace

Combating Sexual Assault in the Workplace

Research shows more than eight in ten women experience assault in the workplace within their lifetimes. The recent #MeToo movement has only made the issue more evident for employees and their employers, causing a spike in sexual harassment claims filed with the U.S. Equal Employment Opportunity Commission (EEOC). With new cases being filed every year, […]

Cryptocurrency and Accounting: What Do You Need to Know?

Cryptocurrency has become a worldwide phenomenon since the first Bitcoin transaction in 2009. Today’s market is valued at more than $2 trillion, with recent advancements in crypto expanding how digital assets can be created, used, and transferred. However, the ever-changing scope of digital assets and introductions of new applications—such as the recent wave of NFTs—has […]

Keyboard and Lock representing cyber our security insurance overview

A Comprehensive Cyber Insurance Overview

According to a report from IBM and the Ponemon Institute, the average data breach cost for businesses with fewer than 500 employees is $2.98 million. The popular idea that cyberattacks target only large businesses has resulted in small to medium-sized companies across the globe being frequently at risk of a potentially crippling digital security breach. […]

McGowan professional lastpass security breaches

LastPass Security Breaches: Is It Time to Make a Change?

Almost three-quarters of Americans use handwritten notes or their own memory to store passwords. Unfortunately, relying on manual methods to remember codes is one of the leading causes of security breaches and identity theft. In fact, internet users that do not employ security safeguards such as a password management system are three times more likely […]

McGowanPro Blocking Ransomware Attacks with Updated Microsoft Security Features

Blocking Ransomware Attacks with Updated Microsoft Security Features

What is Ransomware? Ransomware is a form of malware (short for “malicious software”) in which a hacker gains control of a business’s critical systems or sensitive information. The cybercriminal will then ask for a ransom in exchange for access to the system under the threat of releasing sensitive data to the public or competitors. The […]

McGowanPro employee fraud

The inevitable rise of employee fraud and theft

In the past 24 months, 46% of organizations have experienced fraud, according to this year’s PwC Global Economic Crime and Fraud Survey. This loss translates to $400 billion, or 6% of total annual revenue. Unfortunately, a significant contributor to fraud is dishonest employees. Employee theft is poised to increase in the aftermath of the pandemic […]

3 Ways to Minimize Risk When Outsourcing Accounting Services

During busy tax seasons, it’s common for accountants, CPAs, and professional service firms to outsource certain aspects of their work, including bookkeeping and certain audit tasks. When done right, outsourcing accounting services can result in faster service for clients, substantial time savings, and lower costs. However, understanding the risks of outsourcing is critical. Taking shortcuts […]

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