{"id":12230,"date":"2022-11-21T12:57:00","date_gmt":"2022-11-21T12:57:00","guid":{"rendered":"https:\/\/finsmart.datavivservers.in\/usa\/?p=12230"},"modified":"2023-12-18T10:01:15","modified_gmt":"2023-12-18T10:01:15","slug":"data-protection-confidentiality","status":"publish","type":"post","link":"https:\/\/old.finsmartaccounting.com\/usa\/data-protection-confidentiality\/","title":{"rendered":"Ensuring Data Confidentiality & Security for Offshore Accounting Clients: The Finsmart Way"},"content":{"rendered":"

Cybercrime Magazine<\/a>\u00a0put the cost of global ransomware damages at 20 billion dollars in 2021. And a lot of it can be accredited to the international accounting industry as well. While financial damages are indeed worrisome, the damage caused to an accounting firm\u2019s reputation after a cybersecurity breach is lethal.<\/p>\n

That\u2019s because accounting firms and CPAs handle sensitive information such as social security numbers, addresses, credit card numbers, bank accounts, and financial data on behalf of their clients (offshore and local alike) on a regular basis.<\/p>\n

However, due to its sensitive nature, such information often becomes the target of malicious elements, hackers, phishing attacks, ransomware, and DDoS attacks. Since a lot of\u00a0CPAs and accounting firms\u00a0don\u2019t know how to ensure data confidentiality and security for their offshore accounting clients, we have decided to help out!<\/p>\n

In this blog, Finsmart Accounting \u2013 trusted by\u00a0CPAs and accounting firms outsourcing to India<\/a>\u00a0\u2013 will share a list of data confidentiality and security measures that can greatly minimize the chances of data leaks and thefts.<\/p>\n

Data confidentiality measures for accounting firms<\/b><\/h2>\n

Are you ready to learn about the best data protection and confidentiality measures for accounting firms and CPAs? Let\u2019s go!<\/p>\n

#1 Improve physical security\u00a0<\/b><\/h5>\n

Every year, accounting firms in the United States spend millions of dollars to improve online security and protect critical financial data from cyber threats. While this is something every accounting firm should work on, don\u2019t forget to take cognizance of improving physical security.<\/p>\n

Unauthorized personnel can covertly enter your premises either for stealing data or deteriorating its hardware, software, and networks.\u00a0This is also true if employees take home the office equipment like laptops.<\/p>\n

Consider the following tips to improve organizational\u00a0and offshore\u00a0physical security for data protection and confidentiality:<\/p>\n