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Rugby: 01788 575037
We look at what to consider in order to make sure your data is secure.
The key issue to consider is to ensure that your data is not stolen or inadvertently ends up in the public domain. If your business is in the Northampton and Rugby area we, at J R Watson & Co Accountants, can provide you with assistance or any additional information required.
Many companies are now completely reliant on the data stored on their network servers, PCs, laptops, mobile devices - or the cloud. Some of this data is likely to contain either personal information and/or confidential company information.
Here we look at some of the issues to consider when reviewing the security of your computer systems, and how to minimise the risks of data loss. We have a related factsheet that covers some additional considerations for those with data in the cloud or using some form of outsourcing.
There have been many high-profile incidents of data loss where large volumes of personal information have found their way into the public domain. These include health records, financial records and employee details.
A commercial organisation also faces the additional risk of data being lost to a competitor.
Obviously, the larger data losses from government departments and corporations have hit the headlines. However, any company, no matter its size, could suffer a data loss unless sensible precautions are taken.
During 2021 some 39% of UK businesses have experienced some sort of security breach or cyber attack, according to research commissioned by the Department for Culture, Media and Sport (DCMS). The report can be found at: https://www.gov.uk/government/statistics/cyber-security-breaches-survey-2022.
Consider the potentially sensitive and confidential data that is stored by your business:
The key question is - if all or some of this data is lost who could be harmed and how?
Once that question has been answered, steps to mitigate the risks of data loss must be taken. Here are some steps that should be undertaken to reduce the risk of data loss:
As well as risk reduction, it is also good practice to have procedures in place in the event a security breach occurs. This should concentrate on four main areas:
National Cyber Security Centre (UK) - www.ncsc.gov.uk/guidance.
The cyber threat to UK business - www.ncsc.gov.uk/cyberthreat.
If your business is in the Northampton and Rugby area please contact us at J R Watson & Co Accountants if you require help in data security and data loss risk reduction:
09 May 2022
HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.
Up to eight more nuclear reactors could be delivered to existing sites as part of the UK's new energy strategy.
The Treasury has announced that it plans to recognise stablecoins as a valid form of payment as part of a wider government initiative to 'make Britain a global hub for cryptoasset technology and investment'.
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