Is Accounting A Safe

Is Accounting A Safe-66
Hackers assume you’ll have a limited security budget and weaker defences compared to major corporations, and they’re often right.

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But for those of us who work in an office, safety probably rarely crosses our minds.

However, a surprising number of hazards can be present in an office setting.

Seventy per cent of Australian and New Zealand SMBs are the victim of hacking each year.

The average cost of cyber crime in Australia in 2014 was over $4 million per company attack, with SMBs losing a total $1.7 billion. Does it make you think you should be taking security more seriously?

If it is hosted in the US, it’s subject to the US Patriot Act.

This means the US government can easily access it, which conflicts with Australian laws. There are three areas of security you need to consider with cloud-based accounting software: The security of your supplier: Are they a reputable and reliable company, and not a financially shaky, fly-by-night operation that’s understaffed and may suddenly vanish one day?Or are they well known and perhaps a listed (public) company, with the extra levels of legal and financial scrutiny that brings?Just because you’re a small business without a multimillion-dollar turnover, it doesn’t mean you’re immune from cyber crime.In fact smaller businesses can be deliberate targets.There’s no point having your back up centre next door. Putting your data in the cloud may feel like a leap of faith.How stringent are security procedures for access, a nod and a wave or proper biometric checks? Data security: It’s important to find out whether your data will be stored in Australia or not. But it can actually be more secure in the hands of a responsible cloud-based accounting software provider than on your own computer.Physical security and infrastructure: What kind of data centre is the provider using? Data is not only compromised though cybercrime, it can also be lost through disasters.In the event of fire or flood if you haven’t backed up your data, you’re screwed.But data centres are built to be fortresses with reliable contingency plans, with the best providers guaranteeing over 99.99 per cent uptime.What kind of disaster recovery plan does the data centre have? Is there a back up centre, and is it in a different location?

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