Cybersecurity has become crucial in the last couple of years because most people are working remotely. If accounting firms do not take the necessary methods, a data breach could harm them and make things even worse in this tough economy.
As per Delloite, the average cost of a data breach can be as much as $137,000. This makes cybersecurity even more crucial and a big challenge for businesses to overcome.
However, QuickBooks cloud hosting is an optimum solution that takes care of your cybersecurity worries. With its robust cybersecurity infrastructure, it has become a powerful tool against thwarting cyber-attacks. Accounting firms and professionals can better manage financial data and focus on improving their core competencies and providing quality service to clients. Also, reputed QuickBooks hosting providers offer top-notch quality data security that is available at all levels and at any given time without any data breach.
Some of the reasons why you should go for QuickBooks cloud hosting are listed below:
Enhanced Data Security – Data security has become a significant concern for accounting professionals and firms looking for privacy. However, at a time when data breaches are becoming common, QuickBooks hosting comes as a rescue. Cybersecurity features provided by QuickBooks hosting providers make sure that data is secured. With the latest antivirus and anti-malware, your QB data is secure from any threat. Other offerings also include:
- 256-bit end-to-end data encryption
- Intrusion Detection and Prevention
- AI data monitoring
- Multi-factor authentication
Protection against DDoS – With increasing Distributed Denial of Service (DDoS) attacks, it takes just a few minutes to bring any business down, resulting in a massive revenue loss. DDoS attacks function by crowding the network with false attacks and bringing the server down.
A quality cloud service provider ensures data security by monitoring the network’s data traffic. It also utilizes High-Availability (HA) solutions for load management.
Also, their IT experts are available round the clock to filter out any malicious network activity and further help in the smooth functioning of data and software.
Mandatory Regulation Compliance – To counter cyber-attacks, various governments have issued strict guidelines for protecting the applications and data from cybercrimes. Non-compliance often resulting in a data attack or data breach.
QuickBooks hosting providers adhere to multiple compliances. This helps in improving their IT infrastructure and protecting financial and personal data. The cloud service providers also ensure that all these compliances are followed and put into practice and protect QuickBooks data from any cyberattack.
Flexible IT Solution – The business world has become increasingly volatile during the pandemic, mandating organizations to have an IT infrastructure that can easily be scaled up or down to meet their fluctuating business requirements. However, upscaling may affect your cybersecurity if you are adding new systems to your setup. They may initially lack the necessary cybersecurity measures, for which you must spend both time and resources to establish them.
QuickBooks hosting is different. You do not have to maintain multiple end-point devices. The hosting provider regulates and monitors a common cloud environment in which all the resources are housed. It is much easier than maintaining a local setup, as they can quickly scale up/down in a cloud environment without compromising their overall cybersecurity architecture.
Access Control – Most CPA and accounting firms still use a traditional QB setup in which entire organizational data is decentralized and spread across multiple end-point devices. This makes it difficult to control data visibility. In a traditional setup, an office desktop/system is usually reassigned several times, which may eventually lead to newer or existing employees accessing sensitive financial data above their authorization level, in some cases as much as 1,000,000+ files!
However, in a hosted QuickBooks solution, the entire database is centralized with hierarchy-based data access. Only those with valid authorization can access your data, with a more comprehensive administrative control over data visibility. Also, any changes in the cloud data leave a digital footprint, which can be easily traced back if necessary.
The growth of any organization greatly depends on their brand reputation and the trust their customers put in them. Apart from carrying severe financial repercussions, a successful cyber-attack jeopardizes market credibility leading to lesser business opportunities and lowered customer inflow.
QuickBooks hosting comes equipped with the latest cybersecurity measures that comprehensively protect your organization from outsider and insider threats.
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