Wolters Kluwer Cloud Tax Products Go Down for Almost a Week After Malware Attack

May 12, 2019 / 50:20/E73

This past week, Wolters Kluwer's CCH tax software division suffered a malware attack. In response, the company took offline a number of CCH products for 3 to 4 days, causing significant disruption to accounting firms, especially midsize and large ones. In other news, a Firm of the Future finalist firm loses a client to QuickBooks Live, the Vermont House voted for a new "cloud tax" that would tax Software-as-a-Service (SaaS), the Los Angeles City Attorney dues Intuit and H&R Block, and more.

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Show Notes

01:41 - Nicolas Cage Ponies Up $6.25 Million to Pay Back Taxes—But How Much Does He Still Owe? | E Online
03:14 - Wolters Kluwer takes services offline after malware attack | Journal of Accountancy
07:21 - What’s Behind the Wolters Kluwer Tax Outage? | Krebs on Security
12:20 - Read updates by Wolters Kluwer regarding the outage on their Facebook page (and comments expressing customer outrage)
17:00 - Surge of MegaCortex ransomware attacks detected | ZDNet
17:49 - A malware attack against accounting software giant Wolters Kluwer is causing a 'quiet panic' at accounting firms | CNBC
19:17 - A "Firm of the Future" finalist loses a client to QuickBooks Live | Twitter
21:52 - Vermont House Backs 'Cloud Tax' to Fund Clean Water Programs | Seven Days
27:05 - ADP and Intuit Partner to Enhance Cross-Platform Integration with QuickBooks Online | CPA Practice Advisor
31:21 - Los Angeles city attorney sues H&R Block and maker of TurboTax for allegedly misleading low-income taxpayers | NBC News
36:04 - Are all-white-male panels hindering diversity in accountancy? | AccountingWEB — Also see the original panel that started the discussion and the thread with Paul Meissner on Twitter.
37:40 - How New Accounting Grads Can Tune Up Their Diversity BS Detectors | Going Concern
42:57 - Everyone’s Income Taxes Should Be Public | New York Times
47:59 - Subscribe to Cloud Accounting Podcast show notes
49:16 - Don't miss the Desktop Accounting Podcast! | PodBean

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