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many businesses in the accountancy sector overlook the risk of cyber-attacks, thinking that high-end or mainstream financial institutions are the hottest targets. However, the cyber risks that are most likely to hit bigger firms, also tend to affect the firms that seem least vulnerable or have the most power to avoid cyber- attacks. As per the CPA Mutual report, the public accounting firms are faced with an increased risk of cybercrimes. 
In the Light of Stats 
Bill Thompson, the CPA, RPLU, the president of CPA Mutual states that incidents due to careless and negligent contractors or employees are increasing fast, and are taken as the top threat to accounting firms' security. Since their inception, CPA Mutual members experienced 26 cyber losses, which on average, cost around $30,000/- As per Ponemon Institute and ObservelT 2018 Report, the incidents arising due to negligent contractors or employees cost the companies $283,281, on average. The report took into consideration the responses of over 700 IT practitioners globally. Since 2016, the average number of cyber incidents, per business, has escalated from 10.5 to 13.4 percent, the report says. 
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