Not to be alarmist about it, but big businesses across the U.S. are under attack by cyber terrorists. Neiman Marcus. Michaels arts & crafts stores. Target. When will it end?
The fact is, hackers are only getting smarter and the technology used in the U.S. has not yet evolved to keep pace. We have faith that it will; it has to. But does that mean in the meantime you should disconnect your cell phone, stop going online, store all your money under your mattress and forget about cloud-based accounting (or cloud anything, for that matter)? That sounds a little ridiculous, doesn’t it? We live in a technology-driven society, and if you’re going to function efficiently, it means taking a certain amount of risk.
Since this is a business and financial accounting blog, let’s get back to the cloud-based accounting portion of our questions. Here at AccountingDepartment.com, we’re not Internet security specialists. That’s because we don’t have to be.
We used the highest level of security protection available to any corporation or organization in the U.S., and we have been since that declaration meant that your data was rock-solid secure. Now, the experts in our data centers are working hard to stay one step ahead of the hackers and thieves. But there’s something even more important you should know.
All AccountingDepartment.com clients are protected by our insurance policies, both liability (E&O) and employee dishonesty coverage. This means that in the event of a data breach, you are financially protected.
Better Security Than You Can Provide On Your Own Servers
The fact is, most mid-size businesses with revenue below $25 million can’t afford, or justify the cost of, the level of security required by international standards for a data center. Unless you’re in the healthcare industry and dealing with sensitive patient data, chances are you have the basic firewalls set up, but nothing like what major cloud-based accounting providers offer. Your level of security protection is fine for everyday business, but when it comes to protecting your sensitive financial data, you want the security – and the server back-ups – a larger organization can provide.
AccountingDepartment.com follows accounting best practices for data security and our server farms are ISO certified at the highest level required for a data center.
Detect Fraud Faster with Up-to-Date Accounting Practices
Whether it’s one credit card that’s hacked or an entire bank account, the only way you will detect fraudulent charges is by staying on top of your financial records. Many business owners lose track of deposits and withdrawals. Many business owners call us because their books were in disarray with their in-house bookkeeper.
If there is unusual activity on any of your accounts, your AccountingDepartment.com team is likely to be the first to notice it. We’ll contact you right away so you can take steps to report and fix the problem. We’re not a credit monitoring service, but your full-charge bookkeeper is keeping a watchful eye on deposits, withdrawals and credit card statements. In most cases, that will be enough to report fraudulent activity and recoup your losses.
AccountingDepartment.com for Greater Certainty and Peace-of-Mind
We live in uncertain times where it often seems like business owners don’t know who to trust. But AccountingDepartment.com customers have been entrusting us with their financial data for 10 years. In exchange, we’ve provided them with service they can trust, knowledge and insight about their business that they might be “too close” to see, and the highest levels of technology, security and convenience, in their accounting.
