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Over the years, we have highlighted several steps businesses and nonprofits can take to reduce the risk of a cyberattack. Most of these initiatives previously discussed are designed to prevent or significantly reduce the chance that your organization becomes a victim of a cyberattack.

However, no one can completely secure their network or reduce the risk of successful cyberattacks to zero. As such, businesses should also discuss how they would respond in the event they were impacted by an attack (either a ransomware attack that locks up your systems or a theft of data, or both). These considerations are known as Incident Response Plans. The purpose of incident response planning is to make as many decisions as possible while you are levelheaded and not responding during a stressful situation.

By downloading our Cybersecurity Resources for Not-for-Profits, you’ll get access to a PDF version of our series on The Importance of Incident Response Plans and our NFP Cybersecurity Best Practices Checklist

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Cybersecurity Resources for Not-for-Profits

Resources for Not-for-Profits

As you work through the application of ASC 842 in your organization, this guide will provide a comprehensive look at the standard. To make things simple, we’ve organized everything by key topics. These sections include relevant definitions, a comparison of current requirements compared to new requirements, context for the reasoning behind the changes, accounting examples along with journal entries, as well as sample disclosures.

This guide should be used in combination with a thorough analysis of the relevant facts and circumstances and review of the authoritative accounting literature.

Tom Skoog Headshot | Tom Skoog, Cybersecurity and Data Management Practice Leader | Cybersecurity for Not-for-Profits | The Importance of Incident Response Plans for Not-For-Profits

Meet the Expert

Tom Skoog, CISA, CISSP
Cybersecurity & Data Management Practice Leader
e.tskoog@blueandco.com
p. 614-220-4131

Tom Skoog has more than 30 years of experience providing IT risk management and other consulting services in a variety of industries including healthcare. Prior to Blue & Co, he was a partner with one of the Big Four firms. Tom’s specialties include cybersecurity, IT risk assessments and audits, IT project management and IT strategy projects. He has extensive experience with a variety of rules and regulations including HIPAA, PCI, SOX Section 404 and others.

Tom received his Bachelor of Science Degree from Northern Michigan University in 1987. He serves on the Board of Directors for LifeCare Alliance, which is the parent organization of the Meals-on- Wheels program in central Ohio. He serves on the Finance Committee and chairs their Risk and IT Committees.

Read the Full Articles on Incident Response Plans

Phone on table with security settings turned on | Incident Response Plan || Cybersecurity Nonprofits

The Importance of Incident Response Plans – Recovery

By: Tom Skoog, Cybersecurity & Data Management Practice Leader This is our fourth article in a five-part series on the importance of incident response planning as part of your cybersecurity program. The purpose of an Incident Response Plan is to proactively plan the actions you will take if you are faced with a serious cybersecurity […]

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Phone on table with security settings turned on | Incident Response Plan || Cybersecurity Nonprofits

The Importance of Incident Response Plans – Containment & Eradication

By: Tom Skoog, Cybersecurity & Data Management Practice Leader This is the third installment in our five-part series on the importance of incident response planning as part of your cybersecurity program. The purpose of an Incident Response Plan is to proactively plan the actions you will take if you are faced with a serious cybersecurity […]

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Phone on table with security settings turned on | Incident Response Plan || Cybersecurity Nonprofits

The Importance of Incident Response Plans – Detection & Analysis

By: Tom Skoog, Cybersecurity & Data Management Practice Leader Last month, we introduced the concept and importance of Incident Response Plans as part of overall cybersecurity. As stated previously, The National Institute of Standards and Technology (NIST) has developed a framework all incident response plans should consider, including: Preparation Detection & Analysis Containment & Eradication […]

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Phone on table with security settings turned on | Incident Response Plan || Cybersecurity Nonprofits

The Importance of Incident Response Plans for Organizations

By: Tom Skoog, Cybersecurity & Data Management Practice Leader Over the years, we have highlighted several steps businesses and nonprofits can take to reduce the risk of a cyberattack. Most of these initiatives previously discussed are designed to prevent or significantly reduce the chance that your organization becomes a victim of a cyberattack. However, no […]

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Other Not-for-Profit Resources View All Thought Leadership

Not-for-Profit Single Audit Requirements – Evaluation of Revenue Sources

By: Holly Fields, CPA, Senior Manager Not-for-profit organizations (NFPs) that receive federal financial assistance over certain levels, either directly from a federal agency or indirectly through state or local agencies, may be required to have a single audit performed under Federal Uniform Guidance. Single Audit Requirements A single audit includes not only an audit of […]

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Accounting for and Disclosure of Crypto Assets for Nonprofits

By: Andrew Brock, CPA, Senior Manager Diversification through crypto assets, including cryptocurrency or other digital assets, in an organization’s investment portfolio, has become a more prevalent conversation, especially over the past couple of years, in light of some of the performance in these types of investments. It is a conversation that has organizations wondering if […]

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Accounting Software Considerations for Nonprofit and Government Organizations

By: Rick Shields, CPA, CFE, Principal Few people outside the nonprofit accounting world have an appreciation for its complexities, and how they apply regardless of the amount. A person may say, “The organization has total revenues of $3 million, how difficult could it be?” Those who work in the field on a daily basis are […]

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