Cybercriminals are familiar with tax practices and the depth of confidential client data available for the taking — data these thieves want to use to commit financial and tax-related crimes. As a tax professional, you must safeguard your clients’ data. Laws and professional responsibilities, such as those listed below, bind you to a high standard of quality control to be certain data is kept safe.
Gramm-Leach-Bliley Act (GLBA): According to the Federal Trade Commission (FTC) safeguards rule, tax preparers