GLOBAL PAYROLL MAGAZINE
43
“Recognising that traditional approaches are no longer sufficient, organisations are investing in cyber resilience, conducting regular audits, and enhancing employee training and awareness.”
proactive approach to cybersecurity. By acknowledging the significance of payroll data, addressing existing vulnerabilities, and implementing robust security measures, organisations can mitigate the risks posed by cybercrime and safeguard their most valuable assets.
Statistics paint a grim picture of the reality and impact of cybercrime on payroll departments, where breaches not only result in financial losses but also erode trust and tarnish the reputation of affected organisations. But what can we do to mitigate these sorts of attacks from happening? Ensuring robust security measures from anti-virus, endpoint protection, zero trust modelling, to supply chain risk management are a few. As such companies are increasingly realising the critical importance of bolstering their payroll data security measures. Recognising that traditional approaches are no longer sufficient, organisations are investing in cyber resilience, conducting regular audits, and enhancing employee training and awareness. Moreover, collaborations with cybersecurity experts and regulatory compliance initiatives are becoming standard practices, often prompting innovation and legislation. As data continues to reign supreme in the digital landscape, the protection of payroll information is paramount for businesses of all types and sizes everywhere. The convergence of technological advancements and evolving cyber threats necessitates a
Author: Vivek Valmiki, C2 RISK
C2 RISK is an all-in-one solution that allows you to conduct assessments and comply to several standards based around people, processes, and technology. We help meet your business objectives through our adaptable question sets and checklists, giving you visibility over risks or non-compliance, meaning you can make faster and better decision making. For a platform demo, or to speak to the team, please reach out to C2 RISK by email: info@c2risk.com or call: +44 (0) 20 7965 7596
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