Safeguarding payroll data
Recent high-profile cyber-attacks targeting outsourced payroll providers have been widely covered in the press. These incidents underscore the crucial significance of securely managing and maintaining payroll operations, as well as the handling of employee data within organisations on a local and global scale.
In the payroll sector, similar to numerous other industries, the threat of cyber-attacks has emerged as a growing concern that must be addressed promptly. It is crucial to effectively address the legal, security, and cyber-related challenges to mitigate risks and safeguard sensitive information.
The occurrence of a cyber-attack on the payroll system results in the disruption of the payment process for employees. This encompasses instances of data breaches, where hackers gain unauthorised access to sensitive employee information, as well as ransomware attacks, where hackers encrypt payroll data, rendering it inaccessible and making the data unavailable to authorised users.
What can we do to safeguard payroll data?
Implementing security measures to counteract cyber-attacks promptly can minimise the negative effects on your business and reduce the risk of harm. By establishing security protocols that can thwart these common attacks, you can enhance your business's defences and make it a less appealing target for cybercriminals.