EP468: Nick Mullen - Cybersecurity Mistakes That Could Cost You Everything

“If you think about the most common mistake that most small and mid-sized business owners make when it comes to cybersecurity, it's this assumption that ‘I'm not very big. It's not going to happen to me’. And so they're not doing any security or they're doing minimal security measures in place.” -Nick Mullen Cybersecurity expert, Nick Mullen, founder and CEO of Entoo Security, shares the rising threats facing bookkeepers and accounting professionals. He provides real-world examples, common vulnerabilities, and how bookkeepers can protect themselves and their clients using the FTC Safeguards Rule as a blueprint for compliance. In this interview, you'll learn: The 3 major cyber threats facing bookkeepers How social engineering tricks users into handing over sensitive info Why small firms are easier targets— and how criminals exploit that To learn more about Nick and his services, click here. Connect with him on LinkedIn. Time Stamp 02:13 – Nick’s Mullen’s background 04:05 – The biggest threat today: Ransomware 06:42 – Real-World Scam Examples 09:13 – How to Protect Your Money 12:11 – A $400K Real-Life Loss 14:36 – The most common mistake business owners make 17:18 – Social Engineering Tactics 20:11 – How criminals insert themselves into real email conversations to redirect payments. 23:27 – What is Ransomware? 27:25 – Risk Assessment 31:43 – Compliance Checklist 33:28 – Regulatory Fines 35:32 – How Entoo Security Helps 38:09 – Why cybersecurity is as essential as bookkeeping This episode is brought to you by our friends at BILL! BILL is the smarter way to create and pay bills, send invoices, manage expenses and control budgets, and access the credit your business needs to grow — all on one platform and they’re designed to help bookkeepers succeed and grow, whether you have your own bookkeeping firm or you’re a bookkeeper at an accounting firm. To find out more, check out BILL.com/successfulbookkeeper TODAY!