Tax practitioners face an expanding set of data security regulations, and the rapid adoption of artificial intelligence is adding layers of legal and ethical complexity that many firms are unprepared for, according to experts speaking at a recent American Bar Association (ABA) panel and with Checkpoint.
Practitioners must comply with federal, state, and even international laws, all while defending against increasingly sophisticated cyber threats that treat professional firms as attractive targets. The failure to adequately protect client information can lead to steep regulatory fines, expensive litigation, and irreparable reputational harm.
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