4. Tighter security
Yes, that’s right. Your data is more secure in cloud
accounting than it is on your PC. That’s because the data
centers that provide cloud accounting follow strict
security procedures. Some of the security features
include:
Physical security including limiting building access
and computer room access with James Bond-like
features such as retina and fingerprint scans
• Data security including firewalls, multiple layers of
password management, employee training, and
much more
• Redundancy of computers and data for disaster
recovery
• 24/7 network monitoring
The data centers typically have multiple state-of-the-art
data security controls and must pass a rigid audit, which
is far more protection than any small business can afford
to provide for their own data.
Look for a data center that has hired a firm to produce a
SOC2 report that evaluates the organization’s controls for
security, availability, processing integrity, confidentiality
or privacy. It’s beyond the scope of this paper to discuss
this assurance service in any further detail. However, if
you’d like to find out more about SOC2 compliance, you
can go here.
5. Built-