The Accounting Podcast

Is your QuickBooks secure in the cloud? Four hosting companies ransomwared


Listen Later

Sponsors

  • BQE CORE - http://cloudaccountingpodcast.promo/core 
  • Rewind.io - http://cloudaccountingpodcast.promo/rewind

Show Notes

  • 02:23 – Blake and David recap the ongoing iNSYNQ ransomware debacle
  • 03:07 – Official iNSYNQ ransomware update (https://www.insynq.com/support/#status)
  • 04:00 – iNSYNQ feedback from unhappy Tweeters 
  • 05:12 – Homeland Security's October 2018 warning about possible ransomware attacks (https://www.msspalert.com/cybersecurity-news/dhs-warning-msps-csps/
  • 06:18 – Tweeting with iNSYNQ CEO Elliot Luchansky on 7/23 before he backed out of the interview (https://twitter.com/BlakeTOliver/status/1153550898435485696?s=20)
  • 08:21 – Get a clue - You can't control the conversation
  • 08:59 – Should Intuit do more to protect customer data? (http://www.intuithostingprogram.com/authorized_hosts.php
  • 11:01 – From the Intuit Hosting Program FAQs - "The Commercial and Standard Hosts who participate in the program are solely responsible for the security, privacy, availability and backup of QuickBooks data files and the software that they host, in accordance with their end user hosting service agreements" (http://www.intuithostingprogram.com/faqs.php)
  • 12:40 – Meanwhile, on Apps.com, out of 650 apps, only one has been breached
  • 13:36 – Wake-up call to hosting providers (https://www.channele2e.com/news/msp-judgment-day/
  • 14:14 – Blake's take on the iNSYNQ Situation
  • 15:28 – Jack Newton on the "unholy combination" of cloud and on-prem technologies - (https://twitter.com/jack_newton/status/1154368009906970625)
  • 16:51 – Slightly ironic? Five Ways to Avoid a Ransomware Attack (https://www.insynq.com/blog/5-ways-to-avoid-a-ransomware-attack/)
  • 17:27 – Rachel sheds light on some of Sage's cloud and desktop hosting elements
  • 22:30 – How "Six Ways How Cloud Computing Improves Accounting Practices" confuses the issue of  cloud v. desktop  (https://www.hostreview.com/blog/190723-6-ways-how-cloud-computing-improves-accounting-practices)
  • 24:56 – Rachel talks about MindBridge, and the benefits of using AI for audits
  • 28:15 – Part of MindBridge's successful marketing campaign (https://www.mindbridge.ai/university-alliance-alumni/)
  • 32:44 – According to Michael Izza, ICAEW Chief Executive, the auditing profession needs to "be prepared to think and act differently" (https://www.cpacanada.ca/en/news/pivot-magazine/2018-08-28-michael-izza-interview)
  • 34:04 – Words of wisdom for auditors (https://www.cpacanada.ca/en/news/pivot-magazine/2019-02-26-mindbridge-ai-auditing)
  • 35:35 – Where IS the best place to find top-level accounting talent? (https://www.accountingtoday.com/opinion/where-should-you-be-looking-for-top-accounting-talent)
  • 37:36 – The IRS issues some 10,000 gentle reminders about cryptocurrency filing obligations (https://www.journalofaccountancy.com/news/2019/jul/virtual-currency-irs-filing-201921691.html)
  • 38:30 – How to pay your $3 million IRS bill in cash (https://www.foxbusiness.com/politics/pot-company-ceo-tax-bill-cash)
  • 40:19 – Expensify takes home some bling for its 2019 Super Bowl 2 Chainz video (https://www.accountingtoday.com/news/expensify-wins-big-in-cannes-for-2-chainz-video)
  • 43:08 – Using Microsoft Excel’s Power Query might leave you vulnerable to malware attacks (https://www.zdnet.com/article/microsoft-excel-power-query-feature-can-be-abused-for-malware-distribution/)
  • 44:16 – SMB lender OnDeck wants to become a bank (https://bankinnovation.net/allposts/operations/comp-reg/smb-lender-ondeck-actively-pursuing-bank-charter/)
  • 45:26 – Lendio, another SMB player, acquires Billy, a cloud-accounting app, rebranding it as Sunrise, perhaps offering a ‘light’ alternative to QBO and Xero (https://smallbiztrends.com/2019/07/sunrise-bookkeeping-app.html)
  • 47:37 – California wants to increase truth-in-lending protections for small business borrowers (https://www.pymnts.com/loans/2019/california-proposed-business-lending-rules-draw-support/)
  • 49:30 – 59 percent of larger firms still haven’t tackled payment automation (https://www.pymnts.com/news/payments-innovation/2019/mastercard-on-tackling-ap-automation-last-mile/)
  • 51:24 – Gusto’s Series-D round raises $200 million for East Coast expansion and continued development on its Flexible Pay feature (https://techcrunch.com/2019/07/24/smb-payroll-startup-gusto-raises-200m-series-d-plans-rd-expansion-to-nyc/)

Connect with Rachel

  • Rachel Fisch on Twitter: @FischBooks 
  • LinkedIn: Rachel Fisch, CPB

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

  • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
  • Spotify: http://cloudacctpod.link/Spotify
  • Google Play: http://cloudacctpod.link/GooglePlay
  • Stitcher: http://cloudacctpod.link/Stitcher
  • O...
...more
View all episodesView all episodes
Download on the App Store

The Accounting PodcastBy Blake Oliver & David Leary

  • 4.4
  • 4.4
  • 4.4
  • 4.4
  • 4.4

4.4

316 ratings


More shows like The Accounting Podcast

View all
Accounting Best Practices with Steve Bragg by Steve Bragg

Accounting Best Practices with Steve Bragg

259 Listeners

WSJ Your Money Briefing by The Wall Street Journal

WSJ Your Money Briefing

1,750 Listeners

Journal of Accountancy Podcast by AICPA & CIMA

Journal of Accountancy Podcast

75 Listeners

PwC's accounting podcast by PwC

PwC's accounting podcast

178 Listeners

Accounting Today Podcast by Accounting Today

Accounting Today Podcast

73 Listeners

Bold Names by The Wall Street Journal

Bold Names

1,436 Listeners

Talking Tax by Bloomberg Tax

Talking Tax

110 Listeners

Small Business Tax Savings Podcast by Mike Jesowshek, CPA

Small Business Tax Savings Podcast

247 Listeners

Future Firm Accounting Podcast by Ryan Lazanis

Future Firm Accounting Podcast

26 Listeners

The Unique CPA by Randy Crabtree, CPA

The Unique CPA

22 Listeners

Earmark Podcast | Earn Free Accounting CPE by Blake Oliver, CPA

Earmark Podcast | Earn Free Accounting CPE

27 Listeners

Oh My Fraud by Caleb Newquist

Oh My Fraud

131 Listeners

Federal Tax Updates by Roger Harris, EA and Annie Schwab, CPA

Federal Tax Updates

29 Listeners

Jason On Firms Podcast by Jason Staats

Jason On Firms Podcast

37 Listeners

Unofficial QuickBooks Accountants Podcast by Alicia Katz Pollock, MAT

Unofficial QuickBooks Accountants Podcast

42 Listeners