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ISSUE 1
Payroll Security: Protecting Sensitive Employee Data
Author: Employment Innovations
Running a business involves handling a lot of sensitive information, especially when it comes to payroll data. This includes personal details such as addresses and birthdates, as well as the tax and bank information of your employees. Security breaches with this data can lead to employees losing trust and harm the employer’s reputation. A simple online search shows that companies and their payroll systems are at risk of cyber attacks. In fact, in Australia, ASD responded to over 1,100 cyber security incidents from Australian entities and reported that nearly 94,000 reports were made to law enforcement – around one every 6 minutes. It’s crucial to prioritise the security of payroll data in your business.
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