Must-Use Accounting Security Features For Financial Data Protection Unveiled

Quick Bookkeeping LLC has launched a new guide on data security for accounting firms wanting to protect against the latest cyber threats.

New York, United States - October 19, 2023 /PressCable/ —

Offering tips ranging from multi-factor authentication implementation to data backups and security updates, the new guide has been released at a time when cybercrime is rising globally.

More information can be found at https://quickbookkeepingllc.com/

A 2023 report from IBM found that the average cost of data breaches was $4.45 million - which is part of the reason that 51% of companies are planning on increasing spending in the field.

A core focus is proper encryption and secure data storage. Accounting platforms should use industry-standard encryption protocols for data transmission, the guide argues. Firms are also advised to ensure they use software and services that store data on secure servers because proper encryption prevents unauthorized access to sensitive information.

Implementing multifactor authentication (MFA) is one of the most effective strategies accounting firms can employ, according to Quick Bookkeeping's guide. MFA offers a more secure way of accessing data, as users must present multiple credentials to log in, such as a password and a unique code sent to their smartphone.

In addition to this, the guide covers role-based access control, which restricts system permissions to only those needed to perform required duties. With this enabled, an administrative assistant would not need access to edit financial records, for example.

For data backup, the guide recommends off-site encrypted storage and staff training. In addition to regular local device and remote server backups, off-site storage is recommended because it protects against physical damage, like fires or floods. Employees should also learn proper backup procedures to avoid errors that could lead to lost data.

Lastly, accounting firms need to be proactive about monitoring systems for potential vulnerabilities, the guide states, explaining that running regular security audits and software updates closes potential gaps before cybercriminals can exploit them.

A spokesperson says: "With encryption, secure data storage, multi-factor authentication, and user access controls, your data is like Fort Knox. And don't forget about audit trails, regular backups, and disaster recovery plans to keep you covered."

Interested parties can learn more at https://quickbookkeepingllc.com/data-security-features-in-top-accounting-platforms/

Contact Info:
Name: Better Online Info LLC
Email: Send Email
Organization: Quick Bookkeeping LLC
Address: 60 W 23rd St Suite 638, New York, NY 10010, United States
Website: https://quickbookkeepingllc.com/

Source: PressCable

Release ID: 89110608

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