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How Safe is Cloud Accounting Software?

“How safe is cloud accounting software” is what all businesses think about being on the cloud.

And a lot of questions asked by small business is how safe is my cloud accounting data?

So the primary concerns about people entrusting their books  mainly include data theft and data loss.

And these concerns are generally true as hacking is a common issue in the online world.

However the best cloud based accounting systems provide password protected logins and firewalls to protect against hackers.

So you might be wondering how data is ever hacked. It does happen, but it’s something you can help prevent.

So when it is a matter of security,  it can’t be compromised.

And if we forget about the cloud for sometime and see how is a desktop secure.

Than threats exists even equally on desktop systems.

If you just consider your desktop or laptop without an antivirus, it will leave your computer vulnerable.

So it is important to understand if there is a disease, there are antivirus and precautions as well.

More of the businesses we see today are shifting on the cloud because cloud is made much safer.

And not just cloud accounting software, manufacturers today have shift their full fledged ERP systems on the cloud.

 

How safe is cloud accounting software and security?

Although cloud accounting software are safer, you always run a slight risk when it comes to working online.

So it is important to select the best accounting system with the best security available to keep your data safe and secure.

Not every cloud based application may have an air tight security.

But most of the software vendors are doing big investments to keep your financial data safe.

Online accounting data are none less than having your transactions on the bank.

So most of the vendors have adopted security standards and measures of security systems as like banks.

And it is  a combination of document encryption, user authentication and authorization.

Online accounting software uses the same encryption method to send and store data.

It means your information is rewritten into a secret unbreakable code.

So there is nothing much to worry about as usually it is the same type of security used to make online banking safe.

And most of the best in class cloud based accounting service providers are using the AWS.

Amazon Web Services is by far the best public cloud network for business and most trusted in the world.

During the past few years, cloud security has become a decreasing concern among most business.

As the providers have had a decent track record of securing their infrastructure.

 

How safely are the data stored?

So how safe is cloud accounting software?

Cloud based software companies take data security very seriously.

And also work hard to protect customers’ data over internet transmission.

So we all want to know how are the data stored and where are our data stored.

It is usually stored on Data Centers where there are 24 X 7 security vigilance.

Data centers manages the data backup.

And these data are securely backed up on multi locations for disaster recovery.

As discussed above the best cloud based accounting solutions use secure and encrypted connections.

The data transmission over internet are encrypted.

So when there there is a data transmission from your computer to server it can’t be listened by any attackers.

 

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