In this riveting episode of the Jeff Trapp Podcast, host Jeff Trapp sits down with Tom Woolley, a cybersecurity expert with a unique perspective on the accounting industry. They delve into the pressing issue of cybersecurity, specifically focusing on the FTC Safeguard Rule and its implications for accountants and their clients. Tom shares alarming statistics, revealing that less than 20% of accounting firms are currently compliant with these new regulations. He also discusses the future of the accounting industry, predicting that smaller firms may face consolidation or closure if they can't meet the new cybersecurity standards. The conversation takes a trip down memory lane where Tom recounts real-life horror stories of ransomware attacks and data breaches, emphasizing the urgency for firms to take action. He advises business owners to ask their accountants critical questions about data protection and compliance. The episode is a wake-up call for anyone in the accounting industry and offers valuable insights for business owners concerned about the security of their personal information. Don't miss this eye-opening discussion. Tune in, like, subscribe, and share the Jeff Trapp Podcast to stay informed and protect your business. To learn more about The Tax Planning Pros team and our services feel free to check us out at https://www.thetaxplanningpros.com/
