Accounting firms hold an enormous amount of privileged and confidential client informationthat needs to be protected against cyber-attacks by third parties. Many accounting firms in the US and other countries have started using cloud-based practice management software that offers fool-proof cyber security.

Here’s why cyber security is so important for accounting and tax firms and the steps they can take to secure their clients’ confidential information.

1. Why accounting and tax firms should take cyber security seriously

For prospective investors, the tell-tale sign of a competent accounting and tax firm is that they take their cyber security extremely seriously. Hacking strategies are constantly evolving as hackers try to find new ways to steal privileged information from accounting firms. No matter how careful you think you are or how sophisticated your accounting practice management system is, there is always the chance that you might face a big data breach. Therefore, it is vital for accounting firms to always be one step ahead by employing the best cyber security solutions.

Accounting and tax firms today face more scrutiny than ever from prospective clients who wish to be assured that their data will not be hacked and used against them. In order to attract the best investors to your company, your cyber security needs to be top-notch.

2. Steps accounting and tax firms can take to improve their data security

Working with a professional cyber security company is a good place to start. Their experts will be able to thoroughly assess your accounting software and identify problems with the software and application infrastructure that might make it more vulnerable to online attacks.

Some firms hire ethical hackers who breach their online system with their knowledge and then generate a full report which lists problems with the software and methods to safeguard data.

Get secure cloud-based practice management software for your accounting firm

Are you looking for digital accounting solutions for your accounting firm that also guarantee fool-proof cyber security for your company? At AccountantWS, we offer scalable and secure accounting practice management software for CPA firms. Our cloud-based software for accountants has allowed many firms to upgrade their accounting systems and provide an improved experience for their clients. Reach out to us on our website for queries about our cloud-based practice management software for accountants.