Topics: data security, cloud-based accounting
In 2014 you likely heard about a massive data security breach in which 1.2 billion—yes, BILLION—email address and password combinations were stolen by Russian hackers. According to the New York Times this was the largest known collection of stolen Internet credentials—and that means there is a good likelihood that could have affected you or someone you know. At least 420,000 websites were discovered as part of this hack, including household names—which means everyone from college students to mommy bloggers to small business owners were put at risk of fraud and theft.
Given the widespread adoption of cloud-based software across all industries and technology platforms, it is easy to see.
Cloud-based accounting programs are the latest in accounting technology. There are plenty of upsides, from ease of use.
