5 Key Vulnerabilities In Global Payroll

[BlueHacker]

The cyber threat against payroll is growing in sophistication and frequency, according to the latest FBI cybercrime report. Many of these attacks exploit fixable vulnerabilities in the payroll process to steal money or to gain access to important information such as bank accounts or personal identification.

With huge amounts of money changing hands at least once a month, payroll will always be an attractive target for cyber criminals. What makes payroll even more appealing is how far behind the field is in advanced technology. Most payroll today is handled manually, and much of the information used to calculate and deliver the money is often sent through channels that have their own vulnerabilities.

That combination creates a process with a string of holes that skilled criminals can slide through and get away with data, cause countless problems for innocent people. As the list of payroll security breaches continues to grow, companies should consider ways to mend the holes in their process.

1. Using email to transfer sensitive data
2. Relying on third party vendors with poor data protection
3. Storing data in vulnerable places
4. Giving too many people access to payroll data
5. Failing to keep computer software updated

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