Many small businesses are leaving themselves exposed to security breaches when it comes to payroll
and employee information, according to a new survey from the CFO Daily News. Rather than distributing such information through secure or encrypted networks, many companies are simply sending out their payroll data through traditional methods, the survey revealed.
Results indicated that 69 percent of IT professionals deliver their payroll data through unsecured email. Meanwhile, approximately half said they send sensitive payroll and other data through unsecured channels at least once a week.
To improve data protection, AllBusiness.com suggests implementing three basic steps to improve internal security and the dissemination of secure data. Paychecks and pay stubs should have very limited data, including limiting the use of social security numbers, employee identification numbers and background information. Companies should also create multiple security layers for systems where payroll data is stored.
This week, a group of contractors hired by the government of New York City were alleged to have embezzled approximately $80 million of city payroll funds through an elaborate payroll protection scandal, the New York Post reports.
Unique views: 1,561
Total views: 1,561
All data and information provided on this news blog is for informational purposes only. Infinisource makes no representations as to accuracy, completeness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. Information regarding employment suits and other legal action is not updated after publication, and may not be current.