In the modern age, AI is revolutionising the way we live our daily lives. From our digital assistants like Siri and Alexa to the autocorrect function on our text messages and emails, AI is becoming further and further incorporated into normality with every passing day. But despite AI’s increasing prevalence in society, the financial [...]
Banks manage an enormous amount of highly sensitive personal data, making the ongoing sophistication and ever-increasing frequency of cyberattacks a serious consideration for the banking industry. Banks are also an especially attractive target for cyber criminals since they have an enormous amount of funds, enabling them to satisfy extortionate ransom demands. It is therefore [...]
The introduction of IT has transformed the accounting industry. Modern accountants can now collect, manage, and process accounting data more safely and efficiently than ever before. Gone are the days of paper bookkeeping and processing accounting information by hand; digital processes have revolutionised accountancy, streamlining and automating the entire process from start to finish. [...]
All employers will use some form of payroll software to hold and use their employees’ personal data. Employees will usually provide personal data to their employer at the beginning of their employment, as well as through certain legal documentation such as a P45. It is your employer’s strict responsibility to handle your personal data [...]
Impressive advancements in technology are made daily, including an increase in the sophistication of cyber security threats. As cyber criminals continue to become more advanced in their approach, an ever-increasing challenge is posed to accounting firms in particular. To ensure client data is secure, it is essential that accounting firms are aware of the [...]
The stability and security of IT systems may be something brought to your attention recently on a global scale; July 2024’s IT outage saw transport, healthcare, banks, and media outlets affected by an issue that originated with Crowdstrike, a cybersecurity company based in America. Whilst this particular problem wasn’t caused by a security breach, [...]
For many businesses in the modern world, IT has become central to the success of the company, and accounting is no exception. Technology has merged with traditional accounting practices to open up new doors for efficiency, accuracy, and security. For accountants, having secure IT support is a necessity, and we’re here to explain why. [...]
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