CFO Consulting Services, Long Island CPA Firm, Encourages CPAs to Prevent Cyber Attacks

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In response to an article published by Fox Business, CFO Consulting Services, a leading Long Island CPA firm, issues a statement discussing the need for more CPAs and CFOs to protect businesses from cyber attacks.

Lawrence Teicher, founder of CFO Consulting Services LLC, a leading Long Island CPA firm, responds to an article published by Fox Business, which reveals that many CPAs are “in the dark” when it comes to cyber attacks and are not enforcing preventative measures.

According to the article published by Fox Business on August 1 titled “Survey Finds CPAs in Dark on Cyber Threats,” the U.S. House Small Business Subcommittee on Health and Technology said small businesses account for over 20 percent of cyber attacks. Not only are small businesses highly vulnerable, the article also says most financial executives are unprepared for these attacks.

Travelers released a report that found only 36 percent of CPAs and financial professionals are familiar with cyber attacks, the article says. Over 50 percent of those surveyed also said their companies don’t have cyber-liability insurance.

Teicher, also a leading Long Island CPA and certified information technology professional (CITP), says cybercrime is an increasing reality. “While most hackers go for bigger companies, small businesses are still at risk for a cyber attack,” he says. “Financial execs need to take control of this situation and prevent their companies from being exposed. These hackers have the know-how to dig up sensitive data like Social Security numbers, bank accounts and other types of financial information. A serious hack could derail a company and cost it a lot of money. It’s imperative for any CPA or CFO to take the proper steps to ensure their company’s information is safe and secure.”

CFO Consulting Services, LLC provides outsourced, part-time CFO services on an as-needed basis to both small and mid-sized businesses located in the NY metropolitan region. Founded by CPA and financial expert Lawrence Teicher, CFO Consulting Services follows four main principles: independence, objectivity, competence and confidentiality. These core values have led its clients to achieve lasting success in their businesses.

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Lawrence Teicher

Scott Darrohn
CFO consulting services
since: 08/2013
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