The cybersecurity market is
expected to grow to $248 billion
by 2023.7 Boards of directors and audit committees want greater assurance and transparency that the companies they serve are establishing effective cybersecurity risk management programs.
Regardless of your firm’s cybersecurity expertise, you can play a role in protecting your clients from cybersecurity threats.
If your practice is not yet ready to make cybersecurity a key practice area, you can still show concern for your clients by asking about what kinds of protections they have in place, staff training programs, privacy and security policies, response plans and other controls that help mitigate risks. You can also connect them with experts who can help them put together an effective cybersecurity risk management program. If your firm is looking to grow its knowledge of cybersecurity, consider upskilling staff or partnering with a firm that has this expertise.
If your firm specializes in information technology, you may be well-equipped to step in and provide advisory services including:
If your firm is already offering advisory services or other third-party reporting examinations, offering SOC for cybersecurity examination services would be a next step.
Using the AICPA’s SOC for Cybersecurity framework, you can provide assurance over the effectiveness of controls over an organization’s cybersecurity risk management program, helping build trust and transparency for customers, investors and leadership.
Benefits of a SOC for cybersecurity examination include that it:
Strong cybersecurity and transparency about how data is used go a long way toward customer loyalty and trust. CPAs can help their organizations and clients get their cybersecurity on track for a more secure future. For more resources to help you get started on the path to learning all things cybersecurity, check out the resources and tools on the next page.
The benefits of SOC for cybersecurity