August 2025
Beginner
352 pages
8h 38m
English
Content preview from Bookkeeping For Dummies, 3rd Edition
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Chapter 8
Securing Your Online Bookkeeping
IN THIS CHAPTER
Need for strong passwords and multi-factor authentication
Protecting data accessed from multiple locations
Developing employee controls
Incorporating backup policies
When companies choose to use online bookkeeping, a whole set of protocols and protections must be put in place. You certainly don’t want your company’s financial business to be hacked.
Even many financial services companies experience security breaches and economic losses caused by ransomware attacks, phishing scams, and compromised Social Security numbers and credit cards. You need to protect your company’s financial secrets with the various layers of protection available today.
These protections start with proper staff training, requiring strong passwords, controlling who gets access to what data, protecting information transmitted from office to office or office to customer, keeping protections in place (by having a protocol for managing updates and patches for employees' computers), and providing for backups of the data.
Also, if dependent on an online system ...
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