Keeping Taxpayer Data Secure

Keeping Taxpayer Data Secure


The annual global cost of cybercrime is high and getting higher all the time. In fact, cyber criminals reap a windfall from their activities that is estimated to have been $450 billion in 2015 and is anticipated to climb to an annual $ 10.5 trillion average by 2025. In the United States alone, the FBI received reports of 847,376 complaints involving $6.9 billion in 2021. Almost all of that cybercrime began with and continues to start with a social engineering concept known as phishing.

Certain business organizations, among which are those referred to as financial institutions, are charged by the FTC with taking particular steps to protect their customers' financial information. Included in the category of financial institutions are professional tax preparers. Professional tax preparers normally maintain a significant amount of taxpayer information in various files electronic and paper that would be a treasure trove for cybercriminals.

In this course, tax preparers are introduced to the problem of cybercrime and its costs, offered methods that can be expected to reduce the chances of becoming a cybercrime victim, and informed of proper steps to take if they do become victims of cybercrime. Accordingly, it will examine cybercrime and will discuss:

  • The extent of the cybercrime problem
  • The potential costs to a tax preparer whose taxpayer data have been breached
  • The best practices a tax preparer may implement to avoid becoming a cybercrime victim
  • What a tax preparer should do if its taxpayer data has been breached
Learning Objectives

Upon completion of this course, you should be able to:

  • Recognize the pervasiveness of cybercrime
  • Identify the potential costs of experiencing a data breach
  • Understand the best practices that may be implemented to protect a tax preparer from cybercrime
  • List the responsibilities of a tax preparer who has experienced a taxpayer data breach


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Knowledge Level

Advanced Preparation

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Who Should Attend

SKU: PW-112.23|Credits: 4|Tax Law|eBook|Winn Publications Category: Tags: , , , is registered with the National Association of  State Boards of Accountancy (NASBA) as a  sponsor of continuing professional education  on the National Registry of CPE Sponsors. State boards of accountancy have final authority on  the acceptance of individual courses for CPE  credit. Complaints regarding registered  sponsors may be submitted to the National  Registry of CPE Sponsors through its website: