The recent hacking scandal has once more reminded us that the online world is not as secure as we hope it to be. We are being told that outdated software, expired internet security and unpatched computers are inviting unwanted guests into our home. We have left the door unlocked or maybe we have taken the front door out altogether and our home is now free to be roamed by outlaws.If we can learn to look after our computers like we look after our homes then the likelihood of anyone getting in without an invitation can be reduced dramatically.
Let's look at cloud accounting.
You enter all your business income and expenses into the software which is then kept by the software provider on a server in a secure location (not a blue cloud by the way).
Can you prevent a hacker from getting to your data stored at this location? The answer is no, you have to trust the provider to invest enough into keeping your data secure. I don't doubt that they do their upmost to prevent anything happening to your data, they quite often run multiple backups at the same time to reduce the risk of unexpected data loss. After reading through endless amounts of cloud accounting security pages from various providers and speaking to a number of IT professionals I have compiled a list of …
Loosing those details could be detrimental to your business.
I hope this was helpful to anyone using or tinkering with the idea of cloud accounting!