Cybersecurity risks are rising sharply and businesses must take a fresh look at how sensitive personal information is managed and protected, particularly when it comes to payroll data.
It’s hard to imagine a more appealing target for hackers than payroll. There are enormous amounts of money changing hands attached to lots of personal data.
Datacom’s ebook, Is your payroll under threat? explores some of the key considerations you should keep in mind to keep your workers’ information and your business safe.
More than 80 percent of businesses believe cyber risk has increased significantly over the last two years due to the massive shift to remote working, and that cybersecurity should now be considered a boardroom-level issue – not just a technology issue.
Improving the policies and practices around your company’s cybersecurity can be achieved with a few key steps:
- Align business goals with your security investment. It’s easier to gain traction with the boardroom if there is a solid understanding of the value security brings to the whole business.
- Identify the true costs of your vulnerability. Defining the risks that exist and then quantifying in terms of the dollar cost to the business – be it lost revenue, cost of repair or penalties.
- Benchmark your cybersecurity spending. Knowing what your industry peers are spending – and what they are spending on – is a good initial indicator of where you are in terms of overall protection.
- Make cybersecurity part of your culture. On-going cybersecurity surveillance and monitoring should become a part of the business culture. This means it’s an everyday business activity that’s included in the executive reporting cycle.
Your payroll system and employee information’s security is Datacom’s top priority. All its payroll software and platforms are constantly monitored to protect against cyberattacks.
Download the full “Is your payroll under threat?” ebook for more insights.
Managed vs. in-house payroll: Which is right for your business?
Sometimes, the complexity of today’s payroll landscape can feel overwhelming – even for seasoned finance and HR professionals. From compliance risks to scalability challenges, the stakes are high, and the choices are nuanced.
Datapay has put together a guide that empowers senior practitioners to evaluate what will work best not just today, but as your organisation evolves.
Download the infographic by completing the below form:
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Article supplied by Datacom. Reproduced with permission.
