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.