What accountants need to know about securing data in the cloud

The FTC’s Safeguard Act requires all financial professionals to have a plan in place to secure sensitive financial data. With the rise of cloud accounting services, accountants and other financial professionals face new challenges when securing client data. The cloud doesn’t automatically mean secure. Yet, with a few simple security practices, the risks associated with cloud data can be mitigated.

Sensitive cloud data can be protected and secured with an understanding of what the cloud actually means. SaaS vendors, including Intuit’s QuickBooks Online, operate using the Shared Responsibility Model - meaning they back up data at the platform level, but not the end-user level. To restore your client’s data, you’d need an account-level backup service like Rewind Backups.

Join Rewind’s data security experts to learn how to secure your client’s sensitive data in the cloud with strong passwords, frequent backups, and a culture of security. You’ll learn what the Shared Responsibility Model is, and how it affects your fiduciary duty to protect sensitive financial data. Differentiate your firm with key cybersecurity strategies to secure your cloud accounting practice.