Cloud Accounting Data Security Fears Addressed | Audit. Tax. Advisory

Cloud Accounting Data
Security Fears Addressed

It is not arguable that cloud computing is now more prevalent than ever and consequently that cloud based accounting programs are taking over in the accounting world. Our previous article discussed the upsides of cloud accounting systems from accessibility through to seamless integrations.

While data security has been empowered by cloud accounting, cybercrime has equally been recognized to be among the fastest growing forms of criminal activity. Data, in this era, being among the most valuable resources in business, cybercrime threats do not discriminate on business size or industry and thus SMEs are not immune to threats. This article addresses data security tools implemented by cloud accounting programs providers to mitigate these threats.

While physical servers are prone to natural events or theft, cloud accounting data can be hacked. Data security on cloud is thus majorly dependent on the security features of the system in use.

How Cloud Accounting Ensures Data Safety

When necessary precautions are implemented, cloud data security and cloud accounting is a competitive edge that differentiates your organization to your clients.

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