What Would a Data Breach Mean for My Business?

Let’s face it, technology permeates every aspect of our lives, data breaches have become an unfortunate reality. These cyberattacks have the potential to wreak havoc on individuals and organizations alike. While large corporations often dominate the headlines when it comes to data breaches, it is the small businesses that suffer the most.

Sales Tax on Managed IT Services

As businesses increasingly rely on technology, Managed IT Service Plans have become a popular option to efficiently manage and secure IT infrastructure. For clients of WOM Technology Management Group, it may come as a surprise to see sales tax charged on their Managed IT Service Plans and related add-on services. In this article, we will explore in detail the reasons behind charging sales tax and how it aligns with Florida’s Sales Tax laws.

Sarbanes-Oxley Act (SOX)

The Sarbanes-Oxley Act (SOX) is a federal law enacted in the United States in response to a series of corporate financial scandals. It sets standards for financial reporting and internal controls for public companies and requires the establishment of independent audit committees to oversee financial reporting. As a leading provider of cyber security and managed IT services, WOM is dedicated to helping organizations comply with SOX regulations.

The Problem with Cyber Liability Insurance

To mitigate the financial risks associated with cyberattacks, many organizations turn to cyber liability insurance. However, it is essential to understand that cyber liability insurance alone is not a silver bullet.