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Australian institutions regularly face cybersecurity threats, and these risks are getting bigger and more threatening as years pass by.
The Australian Cyber Security Centre stated that they were receiving one cybercrime report every eight minutes over the course of twelve months to June 20211. Data security pioneer Varonis mentioned that around 63% of Australian organisations believe that they are likely to be targeted by cybercriminals in the next twelve months2.
Education is Vital
As the saying goes, preparation is the key. A survey done by SAI Global shows that 55% of respondents are not aware that they are vulnerable to cyberattacks3.
Measures to have a robust cybersecurity system should be addressed by organisations’ payroll and human resources departments. This requires the creation of policies to educate employees in understanding how they can make the most of devices, websites, and data.
Run Data Backups
Imagine the damages that your organisation may experience if hackers get access to your database. The downtime, expenses, and the process to get the system back up and running can require a lot of work and money. Something that no one wants to go through. The best way to avoid this kind of catastrophe is to run regular data backups to another site to prepare or minimize the impact of a cyberattack if it occurs.
Manage Access to Your Payroll System
Take advantage of multi-factor authentication if your payroll tool offers it. It’s a good backup aside from having a strong password. Multi-factor authentication requires a code sent to your phone to gain access. This won’t be an easy task for hackers unless they get a hold of your phone.
Have a Response Plan Ready
Check the Office of Australian Information Commissioner’s (OAIC) guide to know how you should respond to cyberattacks. Review the Privacy Act 1988 to understand how it works for your protection and make sure your organisation is covered by it.
Use a Reliable Payroll Tool
Taking all the precautions you need to secure your payroll data is step number one. The next action to be taken is to integrate a trusted payroll software that has reliable solutions, is proactive in providing a solid cybersecurity system for institutions, and is ISO-certified.
Takeaway
Securing your payroll data is essential to have a seamless workflow for the whole organisation. Click here to read a detail report on Key cyber security threats facing payroll. Reach out to cybersecurity experts if you have more questions about protecting your payroll data.
References:
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https://www.reuters.com/technology/australia-sees-13-rise-cyber-crime-reports-covid-19-pushes-more-people-online-2021-09-15/
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https://ir.varonis.com/news-and-events/press-releases/press-release-details/2021/63-of-Australian-Organizations-Expect-to-Face-a-Cyberattack-Within-a-Year/default.aspx
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https://saiassurance.com.au/news-resources/blog/information-security-it%27s-everyone%27s-responsibility
